#4. Marcus bought an XYZ Corporation $1000 par value bond for $1050. The annual coupon rate is 4% and coupons are paid semiannually. The maturity date is 6 years from his date of purchase. How much interest income will Marcus receive each year? How much is each coupon worth?

What is the total interest income Marcus will receive if this bond is held until the maturity date?

If he holds this bond until the maturity date, how much will he receive from XYZ Corporation?

What is his total gain from owning this bond for 7 years?