Investment in a Bond You invest in a 10-year $10,000 bond that pays interest at an annual rate 7% every 6 months for 10 years. The market rate (yield), i.e., what you will earn on the bond is 5%. Thus, you will receive the maturity value of $10,000 at the end of 10 years, and interest payments every 6 months of $350 (10,000 x 7% x 6/12). Requited: Cash Flow Calculate the issue price of the bond-the amount you will invest today to purchase this bond. Amount Present Value Factor Present Value Maturity Value Interest Payment Issue Price 10,000 350 Required: Prepare an investment schedule for the first two months. Investment Schedule Six Month Period Beginning Balance Appropriate Interest earned Interest Interest Received Ending balance Rate 2