Question: please explain by steps, dont use MS excel. thank you 2. Bonnie has two bonds. Bond A is a 10-year bond that pays coupons semi-annually.

please explain by steps, dont use MS excel. thank you

2. Bonnie has two bonds. Bond A is a 10-year bond that pays coupons semi-annually. The redemption amount of the bond is 1,200 and, with a nominal yield of 6% compounded semi-annually, has a price of 1,408.28. Bond B is an 8-year bond that pays annual coupons. Bond B has the same redemption amount and the same coupon payment as Bond A. It has an annual effective yield of 6%. For Bond B, determine the amount of premium amortization in the 6th coupon payment

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