3. Use the information from the bond listing below; answer the following questions for the bond maturing in 2040 (it's Figure 2.3 in your book): YLD TO MATURITY COUPON ASKED CHG MATURITY 2011 Nov 15 2013 Nov 15 2015 Nov 15 2018 Feb 15 2020 Feb 15 2025 Aug 15 2030 May 15 2040 Nov 15 1.750 4.250 4.500 3.500 8.500 6.875 6.250 4.250 BID 100.5859 108.4375 112.9375 107.2969 143.6875 134.4844 129.1406 97.9531 100.6016 108.4844 113.0000 107.3594 143.7344 134.5166 129.1719 98.0000 -0.008 -0.234 -0.438 -0.547 -0.547 -0.531 -0.484 -0.313 0.051 0.613 1.410 2.294 2.756 3.710 4.026 4.371 A. How much would you have to pay to purchase one of the bonds (assume each bond costs $1,000)? B. What is the coupon rate? What would be the amount paid semiannually? C. What is the current yield (the actual return you would receive) of the bond? HINT: The actual return would be the coupon income as a fraction of the amount you paid for the bond