1) A corporate bond has 23 years to maturity, a face value of $1,000, a coupon rate of 5.3% and pays interest twice a year. The annual market interest rate for similar bonds is 3.3%. FIND THE FOLLOWING FOR PART 1+2

Intro A corporate bond has 23 years to maturity, a face value of $1,000, a coupon rate of 5.3% and pays interest twice a year. The annual market interest rate for similar bonds is 3.3% Attempt 2/6 for 9 pts. Part 1 What is the price of the bond (in $)? 0+ decimals Submit Part 2 Attempt 1/6 for 9 pts. 2 years later, the market interest rate for similar bonds has gone up to 4.3%. What is the new price of the bond (in $)? 0+ decimals Submit