You have just retired with savings of $10 million. If you expect to live for 57 years and to earn 10% a year on your savings, how much can you afford to spend each year (in $ dollars)? $ . (Assume that you spend the money at the start of each year.) Bernard co. has 8% coupon bonds on the market that have 20 years left to maturity. The bonds will make annual payments. If the YTM on these bonds is 4%, what is the current bond price (in $ dollars)? (Assume the face value of the bond is $1,000) $_