John and Marianne are considering the purchase of a corporate bond with a coupon rate of 5.5%. This bond matures in 10 years and pays annual coupon. Current interest rates are 3.5%. a. Draw a timeline showing the cashflows of this annual bond. b. What is the most the couple should be willing to pay for this bond assuming annual coupon payments? c. What is the most the couple should be willing to pay for this bond assuming semiannual coupon payments? d. Draw a timeline showing the cashflows of this semi-annual bond