PARTI . 111 10 Points One of your favorite clients, Mr. and Mrs. Kohla, (an elderly couple that always bring cookies when they visit) has been very interested in hearing about your experiences at CSU. They would like to send their grandson to CSU in 10 years' time. You estimate that tuition will be $50,000 the first year, and that tuition will grow at 2.00% annually. They estimate it will take him 7 years to complete his undergraduate and Physician's Assistant degrees, provided he attends summer school. They would also like to bestow a gift of $20,000 to him upon his graduation from the PA program. How much must your clients deposit today, assuming an interest rate of 6%, in order to send their grandson to CSU and provide him with the graduation present? SHOW CORRECT AND COMPLETE TIMELINES, ROUND TO THE NEAREST DOLLAR Time lines: a. 9. Consider a 20-year bond with a 10% annual coupon and a face value of $1,000. What is the initial price of the bond if the YTM is 5%? b. What would be the price of the bond in year 5 if the YTM remains 5%? What would be the price of the bond in year 7 if the YTM increases to 10%? SHOW CORRECT AND COMPLETE TIMELINES. USE GRID FOR SOLVING. ROUND TO THE NEAREST DOLLAR C. Time lines