A corporate bond has 16 years to maturity, a face value of $1,000, a coupon rate of 5.6% and pays coupon twice a year. The annual market interest rate for similar bonds is 3%. Part 1 Attempt 1/10 for 10 pts. What is the price of the bond (in \$)? Part 2 (1) Attempt 1/10 for 10 pts. 2 years later, the market interest rate for similar bonds has gone up to 4%. What is the new price of the bond (in \$)