Question: can you please break this problem down and show me how to do it :) thanks G L N 0 F 7 The 15-year, $1,000

can you please break this problem down and show me how to do it :) thanks

G L N 0 F 7 The 15-year, $1,000 par value bonds of Waco Industries pay 8 percent annual interest and makes interest payments on a semiannual basis. The market price of the bond is $900, and the market's required yield to maturity on a comparable-risk bond is 9 percent. a. Compute the band's Yield to Maturity. b. Determine the value of the bond to you given the market's required yield to maturity on a comparable-risk band. c. Should you purchase the bond? a. Coupon rate Years + 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 PV market price) Par (FV) PMT (semi-annual) Nper mm Rate YTM b. Coupon rate Years YTM 29 Yield to maturity on a comparable bond 30 31 32 33 Par (FV) PMT Nper m Rate 35 36 37 38 PV (Price) 39 C. 40 41 42 43

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