A $1,000 par bond has a 5% semi-annual coupon and 12 years to maturity. Bonds of similar risk are currently yielding 6.5%. a. What should be the current price of the bond? b. If the bond’s price five years from now is $1,105, what would be the yield to maturity for the bond at that time? c. What will the price of this bond be 1 year prior to maturity if its yield to maturity is the same as that computed in part b?