7) A technology company issued a new series of bonds on January 1, 2010. The bonds were at par ($1,000), have a Coupon interest payments a) What was b) Assuming that market interest rate on honds had fallen to 9%, what was the price of the bond on January 1, 2015? c) On July 1, 2015, the bonds sold for $922.38. What was the yield to maturity at that date? d) What was the current yield on that date? Answer: 12% coupon rate and mature in 30 years in December 31, 2039 made semiannually on June 30 and December 31 are the yield to maturity of the bond on January 1, 2010? ny copano e cbosa'4 chang) why (d0.06) se ia () howdsyona) ffective annual interest rate 13.36% b) $1296.43 c) effective annual interest rate =13.488 % d) effective annual yield = 13.43 % Caleue 8) A newly constructed bridge costs $15,000,000. The same bridge is estimated to need