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( 1 ) The Zeniba Corp. has bonds outstanding that mature 1 0 years from today. The bonds have a fixed coupon = 6

"(1) The Zeniba Corp. has bonds outstanding that mature 10 years from today. The bonds have a fixed coupon =6.30%, pay interest semiannually, and have a face value = $1,000.00. Today investors require an average annual rate of return on 10 year loans to Zeniba (i.e., a yield to maturity)=7.5%
a) What do you estimate, to the nearest penny, is todays price per bond?
b) Suppose the annual return required by investors on 10 year loans to Zeniba suddenly rises to 8%. What do you believe will be the percentage point change in the price per bond?
Please calculate this in excel using formulas

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