XYZ Corporation bonds were issued five (5) years ago. At the time it was issued, the bond was sold at par (or face

value. The coupon rate on the bond is 12.75% Daid semi-annually the bond had twenty vears to mature.

You purchased 250 units of the bond rive vears after it was issued. At the time of purchase. the vield-to-maturity was

15.50%. Five (5 years after you purchased the bond, the yield-to-maturity dropped to 10.00%; at this point in time, you sold the entire 250 units of bonds that you had invested in.

Answer the following Questions:

a Calculate the price of the bonds at the time you purchased them.

o calculate the price or the bond at the ame vou sold them.

c Calculate vour total profits for loss trom vour bond investments.