3. A bond with an annual coupon rate of 10% and the term to maturity of 8 years. The bond has face value of $1,000 and makes semiannual interest payments. a. If you require a 12% nominal yield to maturity on this investment now (with the term to maturity of 8 years), what is the maximum price you should be willing to pay for the bond? b. Two years after the bond was issued, the going interest rate fell to 10%. At what price would the bond sell