questions 3-4

3. You've just found a 5 percent coupon bond on the market that sells for par value. What is the maturity on this bond? 4. You want to have $1 million in real dollars in an account when you retire in 40 years. The nominal return on your investment is 8 percent and the inflation rate is 2.5 percent. What real amount must you deposit each year to achieve your goal