Question 6 1 pts [3] A school district needs to raise $50 million to finance the construction of a new high school. It decides to obtain the funds by issuing 500 identical coupon bonds, each with a term of 12 years. The current market interest rate on bonds of this type is 4 percent. What will the price of each bond, in dollars, have to be? Question 7 2 pts [3-A] Suppose the district gives each bond a face value (principal payment) of $100,000. [3A-1a] What will the coupon rate on each bond be, in percent? Hint: You don't need to perform any calculation here. Question 9 3 pts [3A-2] How large will the annual interest (coupon) payments on this bond be, in dollars? Question 10 7 pts [3B] Now suppose the district gives each bond a face value (principal payment) of $115,000. [3B-1] What will the coupon rate on each bond be, in percent? Hint: Here you *do* need to perform a calculation. Question 11 3 pts (3B-2] How large will the annual interest (coupon) payments on this bond be, in dollars? Question 12 3 pts [3-C] Now suppose the district decides to give the bonds a coupon rate of 5 percent. [3C-1] Will the face value (principal payment) of each bond be higher or lower than $100,000? How do you know? 12pt v Paragraph | B I U Av ev Tev | *** 0 O words :::: Question 13 7 pts [3C-2] Calculate the face value of each bond, in dollars