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Answer both please. 6. Liberty, Inc. has 9 percent coupon bonds on the market that have 7 years left to maturity. The par value of

Answer both please.
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6. Liberty, Inc. has 9 percent coupon bonds on the market that have 7 years left to maturity. The par value of the bonds is $1,000, and the bonds make annual payments. If the yield to maturity on these bonds is 9 percent, what is the current bond price? a. $825.09 b. $914.65 c. $1,000.00 d. $1,123.54 7. Lambert Co. issued 15 -year bonds two years ago at a coupon rate of 7.8 percent. The bonds make semiannual payments. If these bonds currently sell for 96 percent of the par value, what is the yield to maturity? a. 6.8% b. 7.2% c. 8.3% d. 8.8%

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