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5. A 20-year, 10% annual-pay bond has a par value of $1,000. What is the price of the bond if it has a yield-to-maturity of
5. A 20-year, 10% annual-pay bond has a par value of $1,000. What is the price of the bond if it has a yield-to-maturity of 15%?* a) $685.14 b) $687.03 c) $828.39 d) $828.53 O e) None of the above 6. If you purchased $5,000 coupon bonds, that have a coupon rate of 13 percent, then the coupon payment every year is a) $650 b) $1,300. O ) $130 d) $13 e) None of the above
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