Question: show work not excel thanks 1. bond problems (a) An 8-year bond has a semiannual coupon rate of 7.0% and a yield rate of 6.5%

show work not excel thanks

1. bond problems

(a) An 8-year bond has a semiannual coupon rate of 7.0% and a yield rate of 6.5% convertible semiannually. The bond premium amortized in the 11th coupon is 2.06; find the face value of the bond.

Face value of bond: ___________

(b) A 10-year 1,000 face value bond with semiannual coupons sells for 950. If coupons can be reinvested for 6.00% compounded semiannually; find the coupon amount that results in 7.00% semiannual modified internal rate of return for the investment.

Coupon amount: ___________

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