3. What is the current market value of a bond with a face value of $1,000 that has 20 years to maturity, if it pays a coupon of $150 per year, paid every six months? The yield for similar bonds in the market is 7.5%. Answer: 4. An investor purchases a bond for $ 1,200. What is the yield to maturity if the face value is $1,000, and the bond has a 7.5% coupon interest rate paid annually with 20 years to maturity? Answer: