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Question 7 (5 points) What should be the current price of a 10-year, 3% bond (paid semi-annually) with a $1000 face value, if the nominal

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Question 7 (5 points) What should be the current price of a 10-year, 3% bond (paid semi-annually) with a $1000 face value, if the nominal rate is 2% with semi-annual compounding? ROUND YOUR ANSWER TO THE NEAREST WHOLE DOLLAR. DO NOT USE A DOLLAR SIGN. DO NOT USE A COMMA. Question 8 (5 points) What is the Yield-to-Maturity on a 20-year bond with a 3% coupon (paid at 1.5% every six months) that trades at 1050? STATE YOUR ANSWER IN PERCENT WITH TWO DECIMAL PLACES, ROUNDING UP. DO NOT USE A PERCENT SIGN. A

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