Question: please explain by steps, not Excel. thank you Question 13.17 A 1,000 par value 15-year bond with 6% annual coupons is bought at a premium

please explain by steps, not Excel. thank you

Question 13.17 A 1,000 par value 15-year bond with 6% annual coupons is bought at a premium to yield an annual effective rate of 4%. Calculate the interest portion of the 8th coupon. B 45.4 C 51.1 D 56.7 A 34.0 E 68.1

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