A corporate bond has 19 years to maturity, a face value of $1,000, a coupon rate of 5% and pays coupon twice a year. The annual market interest rate for similar bonds is 3.2%. Part 1 What is the price of the bond (in $)? p+ decimals Submit 8 Attempt 1/10 for 10 pts.

A corporate bond has 19 years to maturity, a face value of $1,000, a coupon rate of 5% and pays coupon twice a year. The annual market interest rate for similar bonds is 3.2%. Part 1 Attempt 1/10 for 10 pts. What is the price of the bond (in \$)? 2 years later, the market interest rate for similar bonds has gone up to 4.2%. What is the new price of the bond (in \$)