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1. Write a brief report on what the term sinking fund means and the ways it can be set up. 2. A 25-year, $1,000 par

1. Write a brief report on what the term sinking fund means and the ways it can be set up.

2. A 25-year, $1,000 par value bond has an 8.25% annual payment coupon. The bond currently sells for $925. If the yield to maturity remains at its current rate, what will the price be 5 years from now, that is, when it has 20-year left to maturity?

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