Question: formulas in symbols with work for each step written out(without using excel if possible) and a short summary at the end of the problem. thank

formulas in symbols with work for each step written out(without using excel if possible) and a short summary at the end of the problem. thank you!

You have the following information on three bonds: Bond 1, Bond 2, and Bond 3. Bond Price Coupon YTM Time to maturity Bond 1 1002 ? Bond 2 ? 2.5% Bond 3 998 3% Assume semi-annual coupon payments. 2% 1.5% ? 7 years 15 years 4.5 years a. Find the annual coupon rate for Bond 1. b. Find the price of Bond 2. c. Find the yield to maturity (YTM, annualized) of Bond 3

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