Question 5 3.5 pts C2 Suppose the Mazda Motor Company sold an issue of bonds with a 15-year maturity, a $1000 par value, an 8 percent coupon rate, and semiannual interest payments. 1. Three years after the bonds were issued, the going rate of interest on bonds such as these fell to 6 percent. At what price would the bonds sell? (1.5 marks)) 2. Suppose that the interest rate remained at 6 percent for the next eight years. What would happen to the price of the Mazda Motor Company bonds over time? (2 marks) HTML Editor V 3 3 3 x := = B I - D A - A - Ix E 3 NV Grethe V x 12pt Paragraph O words