$*$ please follow directions $2-8$ & show formulas and numbers to compute in excel with $*$Suppose you purchase a $30-$year, zero$-$coupon bond with a yield to maturity of $6\%.$ You hold the bond for five years before selling it$.$

Complete the steps below using cell references to given data or previous calculations. In some cases, a simple cell reference is all you need. To copy$/$paste a formula

across a row or down a column, an absolute cell reference or a mixed cell reference may be preferred. If a specific Excel function is to be used, the directions will specify

the use of that function. Do not type in numerical data into a cell or function. Instead, make a reference to the cell in which the data is found. Make your computations

pnly in the blue cells highlighted below. In all cases, unless otherwise directed, use the earliest appearance of the data in your formulas, usually the Given Data section.

a$.$ If the bond's yield to maturity is $6\%$ when you sell it$,$ what is the internal rate of return of your investment?

b$.$ If the bond's yield to maturity is $7\%$ when you sell it$,$ what is the internal rate of return of your investment?

c$.$ If the bond's yield to maturity is $5\%$ when you sell it$,$ what is the internal rate of return of your investment?

d$.$ Even if a bond has no chance of default, is your investment risk free if you plan tosell it before it matures?

a$.$ If the bond's yield to maturity is $6\%$ when you sell it$,$ what is the internal rate of return of your investment?

New yield to maturity

Price when sold

Internal rate of return

b$.$ If the bond's yield to maturity is $7\%$ when you sell it$,$ what is the internal rate of return of your investment?

New yield to maturity

Price when sold

Internal rate of return

c$.$ If the bond's yield to maturity is $5\%$ when you sell it$,$ what is the internal rate of return of your investment?

New yield to maturity

Price when sold

Internal rate of return

d$.$ Even if a bond has no chance of default, is your investment risk free if you plan to sell it before it matures?

to the risk that the YTM may change.