A 5-year bond IBM Corporation has issued has an annual coupon rate of 6%. Coupon payments are made every 6-months.\ \ If bonds with risk comparable to that of IBM are yielding 6%, what would the fair value of the bond IBM has issued be?\ How would IBMs bond price change if yields go up to 7%?\ Consider the following scenario: Market yields are up at 7% as in part (B) but IBMs bond is trading at $95. Compute the market price-implied yield to maturity. What do you conclude? Is this bond over- or under-priced now? What is its alpha?\ If the same bond is callable in year 2 and its price is $94, what is its yield-to-call?