1)Pirouette Inc. issued 20-year maturity bonds 8 years ago at par value. The coupon rate on the bonds is 7%, paid semi-annually.

a.If the required rate of return on the bonds today is 8.4%, what is the value of the bonds today?

b.If the bonds trade in the market at $902.30 today, What is the yield on the bond?

c.Karen bought the bond when it was issued, and sold the bond in the market today at $900 each, What is Karen's realized rate of return on investment?

preference: i need more work shown instead of formulas only listed please