Question: please answer this showing calculation and without using excel and financial calculator 7-9: The Lend Lease Corporation is planning to issue 10-year semi-annual bonds. .

please answer this showing calculation and without using excel and financial calculator

7-9: The Lend Lease Corporation is planning to issue 10-year semi-annual bonds. . The market rate for such bonds is 8.125%. The company needs to raise $1 million and is deciding between issuing 8% coupon bonds or zero coupon bonds. .. Calculate the price of the 8% coupon bonds. b. Determine the number of the coupon-paying bonds that will have to be issued by the company. Calculate the price of zero coupon bonds. a. Determine the number of the zero-coupon bonds that will have to be issued by the company

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