Bond Valuation 1. A$ 1,000 par value bond makes annual coupon payment of $65. If it offers a yield to maturity of 9.5 % what is the price of the bond knowing that it matures in five years (10 points) 2. Seven years ago you purchased a corporate bond for $960 paying an annual coupon rate of 9%. At that time the YTM was 10% and there were 10 years left to maturity. Today, the YTM on your bond is 8%. What is the current price of your bond? (15 points)