A $1000, 9.5% coupon Government of Canada bond has 10 years remaining until its maturity. It is currently priced at 108.25 (percent of face value).
a) What is the bond's yield to maturity?
b) If the bond price abruptly rises by $25, what is the change in its yield to maturity?

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The Answer of A $1000, 9.5% coupon Government of Canada bond has 10 years remaining until its maturity. It is currently priced at 108.25 (percent of face value).
a) What is the bond's yield to maturity?
b) If the bond price abruptly rises by $25, what is the change in its yield to maturity?