2. You purchase a 10 year 12% semiannual bond with a YTM of 11% and a face value of $10,000. What is the value of the first payment you'll receive from the bond? $1200 $1100 $600 $550 3. You purchase a bond that was designed and issued to raise funds for repairing Main Street downtown. The type of bond you purchased is most likely a: foreign bond municipal bond treasury bond corporate bond