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You would like to buy a semi - annual compounding 1 0 0 - year, $ 1 , 0 0 0 par value bond. THe

You would like to buy a semi-annual compounding 100-year, $1,000 par value bond. THe annual coupon rate on this bond is 10 percent. If the current yield to maturity of the bond is a 5 percent, what is the value of this bond? After fifty years, would it be higher or lov than the current value of the bond? $1,993; Lower 5857; Higher 5909: Higher $1,226; Lower

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