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Intro A corporate bond has 16 years to maturity, a face value of $1,000, a coupon rate of 4.8% and pays coupon twice a year.

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Intro A corporate bond has 16 years to maturity, a face value of $1,000, a coupon rate of 4.8% and pays coupon twice a year. The annual market interest rate for similar bonds is 3%. B | Attempt 1/10 for 10 pts. Part 1 What is the price of the bond (in $)? 0+ decimals Submit Part 2 | Attempt 1/10 for 10 pts. 2 years later, the market interest rate for similar bonds has gone up to 4%. What is the new price of the bond (in $)? 0+ decimals Submit

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