10. Estee Lauder Company has a bond with a 1.7% coupon rate, a maturity of May 10, 2021 and quoted price of 99.13. Of the bonds have a face value of $1000, what is the bonds dollar price? what cash flows would an investor recieve from the bond if it was purchased in May 2019? (interest is paid semi-annually)

11. refer to the information above, what is the bonds current yield? assume interest is paid semi-annually.

12. refer to question 10. If interest rates suddenly fall by 3%, what will happen to the price and current yield of the bond? ( compute the new price and current yield) what does this tell you about interest rate risk?