Assume that coupons are paid semi-annually as in the US Government bond market:

1.Bond A: has a coupon rate of 7% and matures in 3.5 years to maturity. What is the price of this bond if its yield to maturity is 5%?

2.Bond B: costs $950 dollars and matures in 15 years. The yield to maturity (YTM) on this bond is 4%.

a.What is the semiannual coupon payment of this bond (in dollars)?

b.What is its annual coupon rate?

3.What is the yield to maturity on 2-year Bond C if its price is $998 and the coupon rate is 1.5%?

Please do not use excel functions