2. Ten years ago your grandmother purchased for you a 20-year $1,000 bond with a coupon rate of 12%. You now wish to sell the bond and read that comparable yields are 8%. What price should you receive for the bond? Your price 3. Your broker offers to sell you a AAA-rated bond for $1,200 with a coupon rate of 8% and a maturity of 8 years. Given that the interest rate on comparable debt is 6%, is your broker fairly pricing the bond? a. Value of the bond b. Is the $1,200 price fair