Question: Please show work by hand a. (5 points) Class Inc. issued 21-year bonds one year ago at a coupon rate of 8 percent. The bonds

Please show work by hand a. (5 points) Class Inc. issued

Please show work by hand

a. (5 points) Class Inc. issued 21-year bonds one year ago at a coupon rate of 8 percent. The bonds make semiannual payments. If the YTM on these bonds is 10 percent, what is the current bond price? b. (5 points) Class Inc. issued 21-year bonds one year ago at a coupon rate of 8 percent. The bonds make annual payments. If the YTM on these bonds is 10 percent, what is the current bond price? (NOTE: this is the same problem as part a, only with annual payments instead of semiannual payments)

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