uestion 6 Wendy buys a bond with a face value of $100, a time to maturity of three years, a coupon of 6% pa semi-annual payments and a yield of 3% pa. 12 months later {just before the second coupon is to be paid}, the Reserve Bank of Australia unexpectedly increases the cash rate. The yield on Wendy's hon increases to 3.3% pa. Required Calculate the buying price, the price 12 months later and explain why the price has changed. (Accurate to the nearest cem]