On January 1,2018, a company issues $20 million in 10-year bonds with a nominal interest rate of 8%. Each bond has quarterly coupon payments and a face value of $1,000. How many bonds are issued? What is the value of each coupon payment? How much would you be willing to pay for this $1,000 bond on April 2, 2021 if the company's finances are sound and the prevailing interest rate at that time is (Assume quarterly compounding) a. b. c. 6% 8% 10% i. ii. iii. How much would you be willing to pay for this S1,000 bond on April 2, 2021 if the prevailing interest rate at that time is 8%? You believe that the company will continue to function for another four years (until April 2, 2025), but that its life beyond four years is extremely unlikely? d