Question 6 Homework Unanswered A bond with a $1,000 face value has a 5% annual coupon rate. The bond matures in 19 years. The current YTM on the bond is 3.1%. If you were to buy this bond and hold it for 7 years, how much would the price change while you hold it? Assume the bond's YTM remains the same. Answer in dollars and round to the nearest cent. [Hint: 1) If the price drops, the change is a negative number. 2) Compute and compare the prices under the two scenarios.] Numeric Answer: Unanswered 2 attempts left Submit Question 7 Homework Unanswered Suppose you structured a bond deal for Kanye West that paid him $20 million upfront, with future royalties and streaming revenues from his past albums going towards payments to bondholders. Each bond had a face value of $1,000 and a coupon rate of 6.2% with semi-annual coupons. If the bonds have 13 years remaining until maturity and the current yield to maturity is 8.2%, how much is the bond worth? Round to the nearest cent. Numeric Answer: Unanswered 2 attempts left Submit Question 8 Homework Answered A Tesla coupon bond with a face value of $1,000 has a coupon rate of 6% with annual coupons and it will mature in 7 years. If it is currently trading at $1,045.4, what is its yield-to-maturity? Round to the tenth of a percent (e.g., 4.32% = 4.3) [Hint: Use Excel's "rate" function as explained in the text. Make sure you set the cell to show decimal places.] Numeric Answer: