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Intro A corporate bond has 23 years to maturity, a face value of $1,000, a coupon rate of 5.4% 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 5.4% and pays Interest twice a year. The annual market interest rate for similar bonds is 3.2%. Part 2 Attempt 1/10 for 9 pts. What is the price of the bond (in $)? No decimals Submit Part 2 - Attempt 1/10 for 9 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 $)? No decimals Submit

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