$1$ You have the following information for a bond:

Current Price $$950$

Maturity $10$ years

Coupon rate $5\%$

Coupon payments Semi$-$annual $($i$.$e$.,$ two times per year$)$

Face Value $$1,000$

a$.$ Calculate the bond equivalent yield $($be sure to think about the definition of the BEY$)$

b$.$ What is the bond's current yield?

c$.$ Suppose in one year the bond equivalent yield is $6\%,$ what is the bond's price?