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 20. The timeline shows a cash flow of $ 20.03 each from Period 1 to Period 19. In Period 20, the cash flow is $ 20.03 plus $ 1,000.

Period

0

1

2

19

20

Cash Flows

$20.03

$20.03

$20.03

$20.03+$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?

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

The maturity is

nothing

years.(Round to the nearest integer.)

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

The coupon rate is

nothing%.

(Round to two decimal places.)

c. What is the face value?

The face value is

$nothing.

(Round to the nearest dollar.)

Assume that a bond will make payments every six months as shown on the following timeline (using six-month periods): Period 0 1 2 19 20 Cash Flows $20.03 $20.03 $20.03 $20.03 +$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? a. What is the maturity of the bond (in years)? The maturity is years. (Round to the nearest integer.) b. What is the coupon rate (as a percentage)? The coupon rate is %. (Round to two decimal places.) c. What is the face value? The face value is $ . (Round to the nearest dollar.)