Bond valuation and yield to maturity Personal Finance Problem Mark Goldsmith's broker has shown him Wwo bonds issued by different companies. Each has a maturity of 6 years, a par Value of $1,000, and a yiold to maturity of 8.60%. The first bond is issued by Crabbe Waste Disposal and has a coupon interost rate of 6.315% paid annually. The second bond, issued by Malloy Enterprises, has a coupon interest rate of 8.80% paid annually. a. Calculate the seling price for each of the bonds. b. Mark has $19,000 to imvest. If he wants to invest only in bonds issued by Crabbe Waste Disposal, how many of those bonds could he buy? What if he wants so invest only in bonds issued by Malloy Enterprises? c. What is the total interest income that Mark could eam each yoar if he invested only in Crabbe bonds? How much interest would he earn each year it he investod only in Malfoy bondi? d. Assume that Mark wil reirwest all the interest he roceives as it is paid and that his rate of return on the reinvested interest will be 11%. Calculate the total dollars that Mark will accumulate over 6 years if he invests in Crabbe bonds or Malfoy bonds. Your total calculation will include the interest Mark gets, the principal he receives when the bonds mature, and al the oddlional interest he earns from reinvesting the coupon payments he receives: e. The bonds issued by Crabbe and Malloy might appear to be equally good investments becouse they offer the same yeld to maturity of 8 e0\%. Notice, hownver, that your anwwers so part d are not the same for each bond, supgesting that one bond is a beter investment than the other. Why is that the case? a. The seling price for the Crabbe Waste Digposal bond is 5 (Round to the nearest cent.)