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Story: Apple issues new bonds with 15 years to maturity, an 8.00 percent coupon rate, and are callable at year 10 with a $1.50 call

Story: Apple issues new bonds with 15 years to maturity, an 8.00 percent coupon rate, and are callable at year 10 with a $1.50 call premium per $100 of par value. The Apple bonds have annual payments and sell in primary market at 100% of par value. When the Apple bonds have 9 years remaining to maturity, Henry buys them at a price of 104% of par value.

Question: Now assume the bond WILL NOT be called, and complete the time line for Henrys bond. The time line must show only numbers unless there is an unknown variable in which case a question mark (?) is fine. CREATE A TIMELINE

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