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2. A bond that has the face value of $1,000, the remaining term of 2 years, pays coupons annually, is setting its coupon rate

2. A bond that has the face value of $1,000, the remaining term of 2 years, pays coupons annually, is setting its coupon rate as: Coupon rate The beginning-of-the year 10-year GOC Bond yield+ 2.0 % Suppose that the required yield-to-maturity of this bond is 8% per annum and beginning of-the-year 10-year GOC bond yield in years 1 and 2 is 7% and 5% respectively. (i) Find the current price of the bond (6

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