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can anyone show me steps how to get the answers? A $1,000 par value bond lias a coupon rate of 8 % and a coupon

image text in transcribedcan anyone show me steps how to get the answers?

A $1,000 par value bond lias a coupon rate of 8 % and a coupon yield of 9 %. What is the bond's market price? A bond makes two $45 interest payments each year. Given that the bond's par value is $1,000 and its price is $1,050, calculate the bond's coupon rate and coupon yield

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