Question: solve 2 and 3 please 2. The corporate bond shown below was issued on July 2, 1967 with a face value of $1000, a maturity

solve 2 and 3 please

solve 2 and 3 please 2. The corporate bond shown below was

2. The corporate bond shown below was issued on July 2, 1967 with a face value of $1000, a maturity date of July 1, 1992 and a coupon rate of 8%% per year. Coupons were payable on January 1 and July 1 of each year. AMERICAN AIRLINES.INC. NO Assume it is July 2, 1982 and I can purchase this bond on the secondary bond market for $825.62. If my MARR for bonds with similar ratings and times to maturity is 12% per year nominal (the inflation rate the previous year was 8.9%), should I purchase this bond? 3. Now assume that it is July 2, 1987 and, due to changes in market interest rates and the rating of this bond, I would purchase this bond if I could earn an 8% per year nominal interest rate. What is the most I would be willing to pay for this bond

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