bonds?

c$)$ Midland Utilities has outstanding a bond issue that will mature to its $$1,000$ par value in $12$ years. The bond has a coupon interest rate of $11\%$ and pays interest annually. Find the value of the bond if the required return is

$($i$)11\%,$

$($ii$)15\%,$ and

$($iii$)8\%.$

d$)$ Three years ago, ABC Company issued $10-$year bonds that pay $5\%$ semiannually.

i$)$ If the bond currently sells for $$1,045,$ what is the yield to maturity $($YTM$)$ on this bond?

ii$)$ If you are expecting that the interest rate will drop in the near future and you want to gain profit by speculating on a bond, will you buy or sell this bond? Why?

Please solve these question step by step without using excel