Question 6. Pecos Company just issued a 15-year, 10 percent coupon rate, $1,000 par bond that pays interest semi-annually. Three years later, if the going rate of interest on the bond falls to 8 percent, what is the value of the bond? Question 7. Karen just bought a 10-year, 7percent bond with a $1,000 par for $760. If shell sells this bond four years later for $850, what is her realized yield in year 4 (with semi-annual interest)