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 30. The timeline shows a cash flow of $ 19.86 each from Period 1 to Period 29. In Period 30, the cash flow is $ 19.86 plus $ 1,000.

Period

0

1

2

29

30

Cash Flows

$19.86

$19.86

$19.86

$19.86+$1,000

a. What is the maturity of the bond (in years)? (round to two decimal places)

b. What is the coupon rate (as a percentage)? (round to two decimal places)

c. What is the face value? (round to two decimal places)