Bond valuation and yield to maturity. Personal Firnance Problem Mark Goldsmith's broker has shown him two bonds issued by different companies. Eachi maturity of 4 years, a par value of $1,000, and a yieid to maturity of 9.30%. The first bond is issued by Crabbe Waste Disposal and has a coupon interest rate 6.317\% paid annualiy. The second bond, issued by Malfoy Enterprises, has a coupon interest rate of 8.80% paid annually. a. Calculate the scling price for each of the bonds. b. Mark has $18,000 to invest. If he wants to invest only in bonds issued by Crabbe Waste Disposal, how many of those bonds could he buy? What if he wants invest only in bonds issued by Malfoy Enterprises? c. What is the total interest income that Mark could earn each year if he invested only in Crabbo bonds? How much interest would he eam each year if he inves? only in Maifoy bonds? d. Assume that Mark will reinvest all the interest he receives as it is paid and that his rate of return on the reinvested interest will be 9%; Caiculate the total dollar that Mark will accumulate over 4 years it he invests in Crabbe bonds or Malloy bonds. Your total calculation will include the interest Mark gets, the principal he receives when the bonds mature, and all the additional interest he earns from reinvesting the coupon payments he receives. e. The bonds issued by Crabbe and Malfoy might appear to be equally pood investments because they offer the same yisid to maturify of 9.30%. Notice, howevei that your answers to part d are not the same for each bond, suggesting that one bond is a better investrnent than the other. Why is that the case