Question 1 A. in 2015, Trump International issued a 15-year corporate bond. It had a face value of $40,000 and a coupon rate of 5%, payable quarterly. The yield of the bond is 8%. What is the fair price of the bond today (2020)? B. 5 years later (in 2025), you are able to purchase the bond for 35,000. What is the effective annual yield? Question 2 Beverly is obtaining a mortgage to buy a house in Brampton, ON for $1,100,000. A 20% down payment is required. The mortgage rate is 2.5% for a 5-year term. The amortization period is 25 years. A. What is her monthly payment? B. She took out the mortgage loan on September 1, 2017, and makes her monthly payment on the 1st of each month, starting on Oct 1, 2017. For the payment on October 1, 2020, what fraction of the payment is for repaying interest on the outstanding amount of the loan