Assume that a bond will make payments every six months as shown on the following timeline (using six-month periods):

The timeline starts at Period 0 and ends at Period 50. The timeline shows a cash flow of $ 20.81 each from Period 1 to Period 49. In Period 50, the cash flow is $ 20.81 plus $ 1,000.Period

0

1

2

49

50

CashFlows

$20.81

$20.81

$20.81

$20.81+$1,000

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

b. What is the coupon rate (as a percentage)?

c. What is the face value?

Question content area bottom

Part 1

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

The maturity is

enter your response here

years.(Round to the nearest integer.)

Part 2

b. What is the coupon rate (as a percentage)?

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.

(Round to the nearest dollar.)