Intro A corporate bond has 20 years to maturity, a face value of $1,000, a coupon rate of 5.4% and pays coupon twice a year. The annual market interest rate for similar bonds is 3%. 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 BAttempt 1/10 for 10 pts. Submit 8

Intro A corporate bond has 20 years to maturity, a face value of $1,000, a coupon rate of 5.4% and pays coupon twice a year. The annual market interest rate for similar bonds is 3%. Part 1 1 1 Attempt 1/10 for 10 pts. What is the price of the bond (in \$)? Part 2 2 years later, the market interest rate for similar bonds has gone up to 4%. What is the new price of the bond (in \$)