22. Eight bonds were purchased for $8,628.16. They were kept for 5 years and coupon payments were received at the end of each of the 5 years. Immediately following receipt of the 5th coupon payment, the owner sells each bond for $62.50 more than its par value. The bond coupon rate is 8%, and the owner's money yields a 10% annual return. a. Draw a clear, completely labeled cash flow diagram of the entire bond transaction using dollar amounts where they are known and using $X to represent the face value of the bond. ANSWER b. Determine the face value of each bond. ANSWER +