Problem 16 Intro The University of California has two bonds outstanding. Both issues have the same credit rating, a face value of $1,000 and a coupon rate of 5%. Coupons are paid twice a year. Bond A matures in 1 year, while bond B matures in 30 years. The market interest rate for similar bonds is 10% - Attempt 2/10 for 10 pts. Part 1 What is the price of bond A? D+ decimals Previous answers: 981 Submit