Create essay using the following information: Helllp!

Assume you are evaluating whether to purchase the following $1,000 face value bonds:

• Co. X bond with a 6% coupon rate that matures in 9 years.
• Co. Y bond with an 11% coupon rate that matures in 7 years.

Also, you may wish to reviewhttps://t.ly/wJqNMandhttps://t.ly/2EX2kabout corporate junk (junk bonds).Given the scenario and information about junk bonds, address the following:

• Value these bonds assuming a market rate on similar risk bonds is 7% and interest is paid annually.
• Value these bonds assuming a market rate on similar risk bonds is 7% and interest is paid semi-annually.
• Value these bonds assuming a market rate on similar risk bonds is 12% and interest is paid annually.
• Assuming both bonds were issued at the same time, why would the Co. Y bond pay a higher coupon rate?

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