Consider a $1,000 par value bond with a 7% annual coupon. The bond pays interest annually. There are 20 years remaining until maturity. You have expectations that in 5 years the YTM on a 15-year bond with similar risk will be 7.5%. What is the expected bond value in 5 years? Select one: a. $ 949 b. $1153 c. $1042 d. $ 956 e. $1132 Continued from previous question: You plan to purchase the bond now and hold it for 5 years. Your required return on this bond is 10%. How much would you be willing to pay for this bond today? Select one: a. $1042 b. $875 c. $820 d. $956 e. $859

need answer to part 2. i solved the first part already