what price would you expect to pay for a bond that has $1,000 par value, pays 9% coupon, with interest paid annually, 15 years left to maturity, and a required rate of return of 10% per year? 1, Vino de Luche has outstanding bonds that currently sell for $985, have a face value of $1,000 and 12 years left to maturity. What annual yield to maturity do the company's bonds promise, if the bonds carry a 12% annual coupon rate, but the coupon is paid semi-annually? 2. A municipal bond with a face value of S 1,000 is paying a coupon rate of 3%. If an investor's tax rate is 40%, what rate of return should a similar corporate bond pay to make the investor indifferent between the two bonds? 3