Question: Solve using excel please show your work 7. (2.0 pt.) Suppose the following quotes are listed in the financial pages of your local newspaper: Current

Solve using excel please show your work
Solve using excel please show your work 7. (2.0 pt.) Suppose the

7. (2.0 pt.) Suppose the following quotes are listed in the financial pages of your local newspaper: Current Volume Last Company Par Coupon (%) Maturity Yield (%) ($1,000s) Price (%) Major Localbiz $10,000 7.250 1/1/2027 7.135 19,024 Corp. Steron Magnetics 80.559 $1,000 5.250 12/1/2025 6.517 38,055 Corp. . a. For the Major Localbiz Corp. bond issue, this table does not list the last price. Determine it. b. For the bonds of each corporation: How much would one of these bonds cost? If you bought one of these bonds, what payments would you receive? Is this bond selling at a premium, at a discount, or at par? c. Cattarauqua Corp. also has another bond issue with the same maturity date as the 2nd bond, but with a coupon rate of 7% %. Would you expect the 7%% coupon bonds to sell for a higher price, a lower price, or the same price as the 5.25% coupon bonds

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