On May 1, 2021, you are considering to buy a newly-issued ABC Company bond, which is quoted as "ABC 4.4542 " in the WSJ and has a par value of $1,000. The company pays coupon interests every 6 months. If you require a 5.4% return on this bond, how much would you pay for this bond? (Hint: Identify annual coupon rate, years to maturity, and yield to maturity to compute the bond price.) $879.69 $871.40 $872.18 $877.25 $875.30 Suppose you have just borrowed $52,144 at an annual interest of 8.8% and must repay the loan in equal installments at the end of each of the next 13 years. By how much would you reduce the amount you owe (that is, principal) at the end of the first year? (Hint: Compute annual loan payment first and then the loan amortization schedule for the first year.) $2,309.85$2,307.85$2,305.85$2,303.85$2,301.85