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4. ABC corporation has issued 12 percent annual coupon 1000 Rupees par value bonds maturing in 10 years. What should be the current price of

4. ABC corporation has issued 12 percent annual coupon 1000 Rupees par value bonds maturing in 10 years. What should be the current price of this bond if the interest rate is 15 percent?

5. Vermex bonds currently sell for 975 Rupees which has got 7 years maturity with a 12 percent annual coupon and have a per value of 1000 Rupees. What is their YTM? What is their current yield.

Kindly solve step by step (calculation on excel not applicable)

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