Intro A bond with a face value of $1,000 and 5 years to maturity has an annual coupon rate of 11%. The bond can be called at any time after issuance at a call price of $1,050. The appropriate annual discount rate for the bond is given by the following interest rate tree. The probability of an up-movement in the tree is equal to the probability of a down-movement, i.e., 50%. A B C D E F # of downs 0 1 2 3 4 Year 0.18 0.15 0.12 0.08 0.04 0.15 0.13 0.07 0.04 2 0.12 0.1 0.07 0.13 0.09 0 0.1 - Attempt 1/10 for 10 pts. Part 1 What is the value of the bond? 0+ decimals Submit