3. Suppose you want to buy a 10 percent coupon rate, $1,000 face value, 8-year bond today. The YTM is 8 percent per year compounded quarterly. What is the price of the bond? (14 points) Show your calculation to get full points. Check your answer: The bond price is $1,117.34 Answer: I 4. A bond has a quoted price of S900 today. It has a face value of $1,000, coupon rate of 6%, and a time to maturity of 7 years. Coupons are paid every quarter. What is its yield to maturity? (14 points) Show your calculation to get full points. Check your answer: YTM is 7.87% per year compounded quarterly