The following table shows 4 coupon bonds. All bonds have same face value of $100, and same coupon rate of 10%. Today (at time t), you buy bonds, which are held for one year. Next year (at time t+1), you sell the bonds. Today (at time t), interest rate is 20%. Suppose next year (at time t+1), interest rate decreases to 15%. Answer the following questions. Round your result to 2 decimal places.

The following table shows 4 coupon bonds. All bonds have same face value of $100, and same coupon rate of 10%. Today (at time t), you buy bonds, which are held for one year. Next year (at time t+1), you sell the bonds Today (at time t), interest rate is 20%. Suppose next year (at time t+l}, interest rate decreases to 15%. Answer the following questions. Round your result to 2 decimal places. Bond No. Years to Ma Current Price at t (3) Price at Rate of Cepi- Rate of Re- turity at t Yield (at t) t+1($) tel Gain (913) turn (9'6) (9'5) I_E_ $51.30 -_| I_ $58.03 $76.14 | I_I I_I (I) For Bond # 1: what is price next year? (3 points)