Problem 1 (15 pts) A bond with a face value of $15,000 and a bond rate of 12% paid quarterly will mature five years from now. The original life of the bond was ten years. The bond pays interest (dividends) every quarter. You have been offered an opportunity to buy the bond for $14,000. If you require a yield rate of 14% compounded quarterly, should you buy the bond? Why? (Assume the bond is redeemed at maturity for face value)