Consider following characteristic of a bond Time to Maturity: 4 years Coupon Payment: Semi-annual Coupon Rate: 5.5% Par Value: $1,000 YTM (in annual): 6% 18. Due to pandemic and low inflation, the economic situation has changed, and the following term structure of interest rate is expected as follows: Period 6-month Rate 1 1.50% 2 1.70% 3 2.60% 4 3.60% 5 4.70% 6 3.20% 7 2.90% 8 1.73% Using these new estimates for each period, what is the new price of the bond and new YTM (in annual term)? (Hint: consider applying different discounting rate for each period)