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Question 6 (15p) SoftLink International has issued a 20-year bond. The bond has a coupon rate of 7% APR with annual coupon payments. It currently

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Question 6 (15p) SoftLink International has issued a 20-year bond. The bond has a coupon rate of 7% APR with annual coupon payments. It currently has a price of $1015 and a face value of $1000. a. What is the bond's yield to maturity? b. What is the bond's yield to maturity if instead the coupon payments were made semiannually and the coupon rate was still 7% APR? Answer in yearly format c. Now ignore your answers to a) and b) and assume that the bond has a yield to maturity of 5% APR and have semiannual coupon payments with a coupon rate of 7% APR. The face value is still $1000 and it's a 20-year bond. What would the price of this bond be? Answer in dollar amount with two decimals (i.e. 999.99)

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