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A bond for Germantown Industries that makes semi-annual coupon payments has an annual coupon rate of 5%, a $1,000 Face Value, 7 year maturity and

A bond for Germantown Industries that makes semi-annual coupon payments has an annual coupon rate of 5%, a $1,000 Face Value, 7 year maturity and annual yield to maturity of 6.5%. A. Calculate the current value for the bond (5 points). B. But you have a goal to secure the bond at a market value of $900; if your goal isn't reached, then you will consider other options. Assuming you are still seeking a semi-annual bond with a 7 year maturity and 6.5% annual YTM, what annual coupon rate would generate a bond value of $900 (5 points)? Please show your work (formula and/or variables) and at least 3 decimal places in your response. As an option, you can copy/paste a screenshot of your work from your computer.

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