PART III: Calculations and Problems - Answer all 10 questions. 21. Goldman Sachs' bonds mature in 2020 [8 years), have a par value of $1,000 an annual coupon interest payment of $65. The market requires an interest on these bonds. Based on these factors, what is the bond's value? a. $875.14 b. $903.04 C. $948.76 d. $972.48 e. $996.79 22. Coca-Cola Enterprises non-callable bonds currently sell for $1,120. They have a 15-year maturity, an annual coupon of $85, and a par value of $1,000. What is their yield to maturity? a. 5.84% b. 6.15% c. 6.47% d. 7.17% e. 7.29% Corporate Borrowing Rates and Yields T EM WE 2 -2 Garg S2 PS2 UMGE SUN 1 You are reading the Wall Street Journal and notice the above current listing of interest rates on various fixed income securities. The 10-year US Treasury note is a widely reported "benchmark interest rate discussed often in the financial media IF 10-year U.S. Treasury notes are currently selling for $100, what can we expect the price decline of the bond to be - as a percent -- if the interest rate suddenly rose to 4.0962 a. 5.47% b. 6.38% c. 7.89% d. 8.1396 e 9.25%