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3. (10 pts) A 30-year bond pays interest semiannually, has a par value of $1,000, a coupon rate of 3.2%, and has 20 years until

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3. (10 pts) A 30-year bond pays interest semiannually, has a par value of $1,000, a coupon rate of 3.2%, and has 20 years until maturity. Bonds of competitors with similar risk are discounted at a market rate of 2.5%. What is the intrinsic price of the bond? 30 OY Elan 000. Todos Oo5151 51 0001 om at blake binod

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