6. A bond with a par value of $1,000 is redeemable at par or face value in fifteen years. The bond carries a coupon rate of 5%. The interest is payable at the end of every six months (semi-annually). The current annual yield to maturity on similar bonds is 4.4%. a) Draw a diagram showing the two important cash flows involved in determining the purchase price of this bond. Use numeric data from the problem to set up the proper numeric values on your diagram. ( 1.5 points) b) Set up the mathematical expression using numbers from the problem to find the purchase price of this bond and compute the purchase price of the bond. ( 6 points) c) Find the current annual yield on the bond. (2 points)