Chapter 11 Homework Saved Help Save & Exit Submit Check my work You have just purchased a newly issued municipal bond for $1,000. The bond pays $50 to its holder at the end of the the first second, and third years and pays $1.050 upon its maturity at the end of the following year. a. What are the principal amount the term, the coupon rate, and the coupon payment for your bond? points Instructions: Enter your responses as whole numbers. Principal arount: $ Term: years Coupon rate: % Coupon payment: $ Refererces b. If you decide to sell your bond at the end of 3 years (after receiving the third $50 payment), what price can you expect for your bond if the one-year interest rate at that time is 2 percent? 4 percent? 6 percent? Instructions: Enter your responses as whole numbers. Expected price for the bond at: 2 percent: $0 4 percent: SD 6 percent: $0 Scroonshot