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1 a: The market price of a semi-annual pay bond is $988.32. It has 21.00 years to maturity and a yield to maturity of 7.12%.

1 a: The market price of a semi-annual pay bond is $988.32. It has 21.00 years to maturity and a yield to maturity of 7.12%. What is the coupon rate?

b: A zero coupon bond will mature in three years. The bond will be redeemed for $1,000 at that time. If investors are looking for a 6.00% annual return to hold the bond, what will the bond trade for today?

Can you please show how to solve using only a financial calculator please and thank you

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