b) On April 1, 2015, Ajax issued 1,300 bonds, each with a face value of $1,000. The bonds have a coupon rate of 4%, due semi-annually on September 30th and March 31" of each year. The bonds mature on March 31, 2020. Investors expect a yield of 6% for similar bonds. c) On June 1, 2016, Ajax issued 2,300 bonds, each with a face value of $1,000. The bonds have a coupon rate of 7%, due semi-annually on November 30th and May 31* of each year. The bonds mature on May 31, 2024. The yield for similar bonds is 4%. d) On October 1, 2014, Ajax issued 1,000 bonds, each with a face value of $1,000. The bonds have no stated interest rate and do not require any interest payments. The bonds mature on September 30, 2019. The bonds are sold at a price that yields 4%