Microsoft has outstanding bonds of $2,250,000,000 that mature in 20 years. The bonds have a Coupon rate of 2.88% and a Yield to Maturity of 2.84%. The bonds pay interest semi-annually. Answer the following:

How much interest is paid to bondholders every 6 months?

What is the present value of the bond?

Flash forward 5 years, now the bonds have 15 year to maturity. Microsoft is considering issuing new bonds and buying the original bonds back. The market rate of interest is now 3.0%. What is the present value of the bonds now?

What is the yield today on a 10 Year Treasury Bond? Document where you found the answer to question 4 (what website, provide the link).