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Q2: A corporate bond has 22 years to maturity, a face value of $1,000, a coupon...

Q2: A corporate bond has 22 years to maturity, a face value of $1,000, a coupon rate of 5.2% and pays interest semiannually. The annual market interest rate for similar bonds is 3.3% and is quoted as a semi-annually compounded simple interest rate, i.e 1.65% per 6-month period.

What is the price of the bond?

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