Consider an unconventional bond that offers no coupon for 5 years, then offers a 6% coupon rate for 4 years, then offers an 8% coupon rate for 10 years. If the face value of the bond is $10,000 and the YTM is 7%, what must be the value of this bond in 9 years?

$7,270.39

$10,702.36

$12,734.68

$20,363.6

Consider an unconventional bond that offers no coupon for 5 years, then offers a 6% coupon rate for 4 years, then offers an 8% coupon rate for 10 years. If the face value of the bond is $10,000 and the YTM is 7%, what must be the value of this bond?

$10,416.28

$20,363.64

$12,734.68

$7270.39