BONDS (5 points each) "bonds current yield is greater than its coupon, what can we infer happened with interest rates since the bond was issued? (Ignore credit risk) 22. A bond has a coupon of 7%, paid annually. The bond yields 5.50%. It has 10 years to maturity and face value of 1000. What should the bond's price be? 23. In the previous problem, calculate the portion of the bond that comes from the annuity and the portion that comes from the balloon payment. a. Annuity b. Balloon (Maturity) a bond's par value while premium bonds trade 24. Fill in the blanks: discount bonds trade _a bond's par value. 25. An 18-year zero coupon bond with a face value of 100 is trading at a yield of x%. If the bond's price is greater than 50, what do we know about the value of x? NO CALCULATORS ALLOWED ON THIS