25 A bond has a $1,000 face value, annual coupon rate 4%. The bond pays coupon semiannually. The maturity of the bond is 5 years. If an investor has an annual required rate of return of 5%, what is the fair price of the bond? 26 A treasury bill has 28 days to maturity and a face value of $1,000. If an investor has an annual required rate of return of 10%, what would be a fair price for the bill? (10 points) (15 points) 27 A bond makes an annual $80 interest payment. (10 points) The bond was issued 5 years ago with a maturity of 10 years with a face value of $1,000. Assuming an annual discount rate of 10%, what should be the price of the bond? (5-point skipping penalty) 28 A bond has a 6% coupon rate and is being traded at $1,050. Coupons are paid semi-annually, and two years remaining to maturity. What is the bond's yield to maturity?