A bond with a coupon rate of 6% makes semiannual coupon payments on January 15 and July 15 of each year. The Wall Street Journal reports the ask price for the bond on January 30 at 100.2500. What is the invoice price of the bond? The coupon period has 182 days. (Do not round Intermediate calculations. Round your answer to 2 decimal places.) Invoice price Masters Corp. issues two bonds with 20-year maturities. Both bonds are callable at $1,060. The first bond is issued at a deep discount with a coupon rate of 5% to yield 11.6%. The second bond is issued at par value with a coupon rate of 12.50% a. What is the yield to maturity of the par bond? (Round your answer to 2 decimal places) Yield to maturity 12.50% b. If you expect rates to fall substantially in the next two years, which bond would you prefer to hold? O Bond with a coupon rate 12.50% Bond with a coupon rate 5%