Question: solve this question for me PART C [18 Marks (Financial Quantitative Analysis and Decision Making) Answer ALL the following questions) 1. 1. On December 31,

solve this question for me

PART C [18 Marks (Financial Quantitative Analysis and Decision Making) Answer ALL the following questions) 1. 1. On December 31, 1987 Southland Corporation issued $1,000 par value bonds due December 31, 2002. These bonds would pay no interest until December 31, 1992, but would pay 18% annual coupon semiannually afterward (the first coupon was to be paid on June 30, 1993). If these bonds had yield to maturity of 16%, compounded semiannually, what was their issuing price? [6 Marks) A

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