Part 3. Use the following information for questions 8 - 13. Consider a bond with the following features: Exactly 9 years to maturity 6% coupon rate, paid semi-annually 7% yield to maturity $100 par value 8. (10 pts.) What is the price of the bond today? Your Excel file is a sufficient means of showing your work for this problem. 9. (3 pts.) Suppose you hold the bond until maturity and its yield does not change. What would be your annualized rate of return? You do not need to show any work for this question. 10. (10 pts.) Ignore question 2 and consider the following scenario. Suppose that you buy the bond today and exactly one year later, the yield on this bond changes from 7% to 6%. If you sell the bond immediately after the yield changes, what would be your one-year return on investment? Assume that you reinvested any coupon payments at the yield to maturity (e.g., the 7%). Your Excel file is a sufficient means of showing your work for this problem. Part 3. Use the following information for questions 8 - 13. Consider a bond with the following features: Exactly 9 years to maturity 6% coupon rate, paid semi-annually 7% yield to maturity $100 par value 8. (10 pts.) What is the price of the bond today? Your Excel file is a sufficient means of showing your work for this problem. 9. (3 pts.) Suppose you hold the bond until maturity and its yield does not change. What would be your annualized rate of return? You do not need to show any work for this question. 10. (10 pts.) Ignore question 2 and consider the following scenario. Suppose that you buy the bond today and exactly one year later, the yield on this bond changes from 7% to 6%. If you sell the bond immediately after the yield changes, what would be your one-year return on investment? Assume that you reinvested any coupon payments at the yield to maturity (e.g., the 7%). Your Excel file is a sufficient means of showing your work for this