Question: Please include the formulas that you used to solve these. Thank you. Yan Yan Corporation has a $5,000 par value bond outstanding with a coupon

 Please include the formulas that you used to solve these. Thank

Please include the formulas that you used to solve these.

Thank you.

Yan Yan Corporation has a $5,000 par value bond outstanding with a coupon rate of 4.2 percent paid semiannually and 16 years to maturity. The yield to maturity on this bond is 4.4 percent. What is the dollar price of the bond? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Bond price Both Bond Sam and Bond Dave have 7 percent coupons, make semiannual payments, and are priced at par value. Bond Sam has three years to maturity, whereas Bond Dave has 16 years to maturity. a. If interest rates suddenly rise by 2 percent, what is the percentage change in the price of Bond Sam and Bond Dave? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) b.If rates were to suddenly fall by 2 percent instead, what would be the percentage change in the price of Bond Sam and Bond Dave? (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g.. 32.16.) % % a. Bond Sam a. Bond Dave b. Bond Sam b. Bond Dave % % 4

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