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Question 7 (2.5 points) Shadi purchased a newly issued 15-year corporate bond with a face value of $15,000 and coupon rate of 3.6% compounded semi-annually.

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Question 7 (2.5 points) Shadi purchased a newly issued 15-year corporate bond with a face value of $15,000 and coupon rate of 3.6% compounded semi-annually. After 5 years, she would like to sell her bond in exchange of cash. How much should the bond sell for if the rate for similar bonds is J2=2.9%

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