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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

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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 lower than the current value of the bond? $1,993; Lower \$857; Higher \$909; Higher $1,226; Lower

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