Question: Please do not use excel or programs. Please do not copy and paste same answers. 8. Joann buys a ten-year 10,000 floating rate par value

Please do not use excel or programs. Please do not copy

Please do not use excel or programs. Please do not copy and paste same answers.

8. Joann buys a ten-year 10,000 floating rate par value bond with annual coupons. She knows the coupons will be level at 6.5% for the first five years, and then increase by a factor of 1.04 every year. Find the price for this bond if she wants a yield rate of at least 7%per annum for the ten-year period. b. Find the amount of interest paid in the fifth coupon. c. Find the amount of principal in the fourth coupon

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