Answer the following questions

Al Safa Inc. plans to issue new bonds to finance its new project. Al-Safa has identified a company of similar risk with an outstanding bond issue that has an 8 percent coupon rate paid semiannually having a maturity of ten years. This firm's bonds are currently selling for $1,091.96. If interest is paid annually for both bonds, what must the coupon rate of the new bonds be in order for the issue to sell at par?	Answer 1Choose...$1,134.20$1091.28$1,114.70$1,113.00$1099.356.50%6.71%$1,052.24$1,106.63.38%
Sbitany has an issue of $1,000 par value bonds with a 14 percent annual coupon interest rate. The issue has ten years remaining to the maturity date. Bonds of similar risk are currently selling to yield a 12 percent rate of return. The current value of each Sbitany's bond is	Answer 2Choose...$1,134.20$1091.28$1,114.70$1,113.00$1099.356.50%6.71%$1,052.24$1,106.63.38%
1 years ago Sbitany has an issue of $1,000 par value bonds with a 14 percent annual coupon interest rate. The issue has ten years of maturity. Bonds of similar risk are currently selling to yield a 12 percent rate of return. The current value of each Sbitany's bond is	Answer 3Choose...$1,134.20$1091.28$1,114.70$1,113.00$1099.356.50%6.71%$1,052.24$1,106.63.38%