[Solved] 1. What is the price of a corporate bond

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1. What is the price of a corporate bond with 23 years to maturity, a 6.8% coupon interest rate, and a yield to maturity of

1. What is the price of a corporate bond with 23 years to maturity, a 6.8% coupon interest rate, and a yield to maturity of 7.8%?

2. What is the price of bond with 22 years to maturity, a 9% coupon interest rate, and a yield to maturity of 12%? Assume a par value of $1,000.

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