Your friend is offering to sell you a bond issued by a company you have never heard of and dont have time to investigate. His asking price is 1025 dollars and he told you that the bond has one year left until maturity and a 6% coupon[1]. He also told you that the bond is investment grade. To buy the bond you have to withdraw money from your savings account. If your savings account pays 4% interest, should you buy this bond? Prove your decision with your calculations.

[1] When the face value is not announced, it is the closest round number to the price divisible by 100, 1000 or 10000. The price is the number that helps you identifying the face value amount. For example, if the price is 836 or 1089 dollars, then the face value is 1000 dollars. If the price is 96 or 103 dollars, the face value is 100 dollars.