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Intro A corporate bond has 23 years to maturity, a face value of $1,000, a coupon rate of 5% and pays interest twice a year.

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Intro A corporate bond has 23 years to maturity, a face value of $1,000, a coupon rate of 5% and pays interest twice a year. The annual market interest rate for similar bonds is 3.2%. Part 1 10 Attempt 2/5 for 9 pts. What is the price of the bond (in $)? Enter this answer and all bond prices as positive numbers. The negative sign from your calculator indicates the direction of the cash flow (i.e. negative means it is an outflow, you pay the price). 0+ decimals Submit Part 2 IB Attempt 1/5 for 10 pts. 2 years later, the market interest rate for similar bonds has gone up to 4.2%. What is the new price of the bond (in $)? 0+ decimals

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