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1. You have owned a bond for 10 years with a face value of $20,000 and a coupon that pays $200 a month for 20

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1. You have owned a bond for 10 years with a face value of $20,000 and a coupon that pays $200 a month for 20 years. What is the bond's current (year 10) value? If you were offered $25,000 for it would it be worth selling? Why? (6 pts.) 1. You have owned a bond for 10 years with a face value of $20,000 and a coupon that pays $200 a month for 20 years. What is the bond's current (year 10) value? If you were offered $25,000 for it would it be worth selling? Why? (6 pts.)

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