Question: please show all work and explain each step. Do not use Excel. 4. Consider a quarterly coupon bond paying an annual coupon rate of 10%.

please show all work and explain each step. Do not use Excel.

4. Consider a quarterly coupon bond paying an annual coupon rate of 10%. The market interest rate is 3% per quarter. The bond has four years until maturity. a. Find the current market price of the bond. b. How much the bond will sell for after a year? c. What will be the total rate of return on the bond if the investor sells it in a year

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