A long-term bond has a face value of $10,000. There are three years to maturity and the coupon rate is 7% pa and coupons are paid semi-annually. The market yield is 7% pa. 1) What is the coupon payment? 2) What is the number of coupons remaining? 3) Draw the time line of cash flows 4) What

is the price of bond?

3. A long-term bond has a face value of $10,000. There are three years to maturity and the coupon rate is 7% pa and coupons are paid semi-annually. The market yield is 7% pa. 1) What is the coupon payment? 2) What is the number of coupons remaining? 3) Draw the time line of cash flows 4) What is the price of bond