I have attached the problem and answer. Please provide the work BY HAND, no excel please. Thank you very much in advance.

5. The yield to maturity on one-year zero-coupon bonds is currently 5 percent; the annual YTM on two-year zero-coupon bond is 6 percent. The federal government plans to issue a two-year maturity coupon bond, paying coupons once per year with an annual coupon rate of 8 percent. The face value of the bond is $1000. a. At what price will the bond sell? b. What will be the yield to maturity on the bond? c. If the expectations theory is correct, what is the market expectation of the price that the bond will sell for next year? d. Recalculate your answer to (C) if you believe in the liquidity preference theory and you believe that the liquidity premium is 1 percent. 0 a. P= 80 1080 5= $1037.39 (1.06)2 b. y = 5.96% 1080 1+r21 L + f2 = $1009.26. where f2 = (1.06. 1 = 7.00% . 1080 1080 h = $1018.77, c. P- 1080 d. P = 1+31 + f2-A