Question 2 (15 Points) 2. A high-yield bond with the following features: Principal $1,000 Coupon 7% Maturity Special Features company may extend the life of the bond to 16 years 10 years a) Based on the features above, what type of bond is this bond? (2 points) (b) If you expect that interest rates will be 5 percent ten years from now, how much would you currently pay for this bond? (7 points)