Intro A corporate bond has 18 years to maturity, a face value of $1,000, a coupon rate of 5.5% and pays coupon twice a year. The annual market interest rate for similar bonds is 3%. Part 2 1. Attempt 1/10 for 10 pts. 2 years later, the market interest rate for sirnillar bonds has gone up to 4%. What is the new price of the bond (in \$)