1. Suppose the coupon rate on a bond is 8% paid semi-annually, the YTM is 5.5%, the par value of the bond is $1,000, and the maturity is 15 years. a. Calculate the price of the bond (6 pts): b. In the market you can purchase this bond at a market price of $1,300. Would you purchase this bond? (2 pts) A) Yes B) No Explain your investment decision from part (b) (2 pts): c. The current market price of $1,300 is greater than the fair present value of the bond