Consider buying a $1,000 corporate bond at the market price of $1,352.90 with a coupon rate of 8.5% on February 10, 2014. The interest will be paid semiannually, the interest rate per payment period will be simply 4.25%, and 16 interest payments over eight years are required. (a) Draw the cash flow transaction associated with an investment in this corporate bond? (b) If the nominal yield to maturity remains constant at 3.42%, what will be the value of the bond one year after it was purchased? (c) If the market interest rate drops to 3.12% a year later, what would be the market price of the bond?