1.Consider a bond with the following characteristics: $1000 of Face Value, a 5% coupon rate that…

1.Consider a bond with the following characteristics: $1000 of Face Value, a 5% coupon rate that is paid semiannually, and a term to maturity of 8 years. Please answer the following questions. Part I: How much will each coupon payment be when it is made to the bond’s owner? Part II: How many total coupon payments will be made? Part III: If the Yield to Maturity in the market is currently 4%, what is the current price of this bond? What bond-specific term would you use to describe this bond’s price in relation to the face value? Part IV: If the Yield to Maturity in the market shifts to 6%, what will the new price of the bond be? Part V: If the bond’s price in the market shifts to $1150, what must the Yield to Maturity be? Please round this answer to the nearest tenth of a percent (e.g. 9.9%?