Assume that a bond will make payments every six months as shown on the following timeline:

The timeline starts at Period 0 and ends at Period 14. It shows cash flows of $15.00 in each period from Period 1 to Period 13. In Period 14, the cash flow is $1,015.00.

Period

0

1

2

13

14

Cash flow

$15.00

$15.00

$15.00

$1,015.00

a. What is the maturity of the bond (in years)?

b. What is the coupon rate (in percent)?

c. What is the face value?

Question content area bottom

Part 1

a. What is the maturity of the bond (in years)?

The maturity of the bond in years is

enter your response here

years.(Round to the nearest integer.)

Part 2

b. What is the coupon rate (in percent)?

The coupon rate is

enter your response here%.

(Round to two decimal places.)

Part 3

c. What is the face value?

The face value is

$enter your response here.