Question: Please do not use an online calculator and solve those two questions with explanations and equations. (The answers are given by the way) A bond

Please do not use an online calculator and solve those two questions with explanations and equations. (The answers are given by the way)

Please do not use an online calculator and solve those two questions

with explanations and equations. (The answers are given by the way) A

A bond is currently priced to yield 7 percent and is selling for 831.10 dollars. If the bond pays semiannual coupon payments, has a $1000 face value, and has 13 years left to maturity, what is the coupon rate for the bond? 3% 4% 5% 6% Suppose Harley Davidson issues a 20 year bond with a face value of $1000, annual coupon rate is 11% and the current price of the bond is $1000. Find the annual yield/discount rate. 10.50% 9.5% 13% 11%

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