(12 points) Suppose that you are considering the purchase of a three-year, $10,000 face value coupon bond issued by Fresh Market that pays a coupon payment of $975 each year. i.) What is the bond worth today if the market interest rate is 18%? ii.) What is the bonds current yield?

2. (18 points) Suppose you are still thinking about the bond above. Let the market interest rate fall to 10%. i.) What would be the bond worth now? ii.) What would be current yield? iii.) Suppose that you have bought the bond. Then you sell the bond to another investor one year later, what is the price that investor would pay?

I only need question 2 part iii.) thank you!