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end. B 1 Question 3 Cash Discount/Line of Credit (7 marks: 15 minutes) 2. Please include calculations in the calculation area. CAL 3 4 Preston Corporation has a bond outstanding with a $90 annual interest with 5 a semiannual coupon payment, a market price of $1,086, and a maturity date in 10 years. Assume the par value of the bonds is $1,000. Find the 7 following using Excel functions where needed, show all calculations. (7 marks) 8 9 10 a. The coupon rate or bond rate or nominal yield (2 marks) 11 12 Answer: 13 14 5 b. The current yield. 6 7 Answer: 3 following using Excel functions where needed, show all calculations. (1 marks) 8 9 10 a. The coupon rate or bond rate or nominal yield (2 marks) 11 12 Answer: 13 14 15 b. The current yield. 16 17 Answer: 18 19 O c. The yield to maturity. 1 2 Answer: 3