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 $ 20.38 each from Period 1 to Period 19. In Period 20, the cash flow is $ 20.38 plus $ 1,000.

Period

0

1

2

19

20

Cash Flows

$20.38

$20.38

$20.38

$20.38+$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?