Question: I need help solving problem 1 (a-c). Thank you. 1. a) A $7,000 Face Value coupon bond with a 6-year maturity and a coupon rate

I need help solving problem 1 (a-c). Thank you.

1. a) A $7,000 Face Value coupon bond with a 6-year maturity and a coupon rate of 5% has an annual coupon payment of: b) If you purchase this bond for a price = $7,000 what will be the interest rate? c) If you purchase this bond for a price = $6,000, how would you determine the interest rate (set up but don't solve)? Is this rate higher or lower than the rate in part b)? 2. a) A Discount Bond with a Face Value of $2,000 and a 10-year maturity has what interest rate when purchased for $1,600

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