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Question 7 (20 points) Five years ago, you bought a 9%15-year bond for $2,000. The...

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Question 7 (20 points) Five years ago, you bought a 9%15-year bond for $2,000. The bond pays you semi-annual payments. Today, the yield to maturity is 1% compounded semi-annually and you decided to sell the bond. a. What is the yield to maturity at the time you purchase the bond? b. What is the EAR of the bond at the time you purchase the bond? c. What is the current yield of this bond? d. Explain whether this bond is a par bond, premium bond, or discount bond. How would the price of this bond change as we move towards maturity if the YTM remained the same over time? e. What is your holding period return? Please provide the APR

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