1. You purchase a newly issued bond from Apple. The bond has a face value (F) of $1,000; coupon interest rate of 5%, and a maturity of 20 years. Two years later you sell the bond in the secondary...

Extracted text: 1. You purchase a newly issued bond from Apple. The bond has a face value (F) of $1,000; coupon interest rate of 5%, and a maturity of 20 years. Two years later you sell the bond in the secondary market; however, market interest rates for bonds of equal risk and maturity have increased to 5.5%. Calculate the selling price of your bond