Question 6 (a) Calculate the price of a 5 year corporate bond with a face value of $1,000 and a yield to maturity of 6%. The bond has no coupon payments. Calculate the price of this bond. [3 marks] (b) If the company wants to raise $10,000,000, how many bonds does it have to sell? [2 marks] Question 7 Calculate the price of a 10 year government bond with a face value of $1,000 that has a coupon rate of 2.5% and pays semi-annual interest. The current market rate for similar bonds is 2%. 7 A fii III