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Can someone please help me with this problem? Attached is an example to help. Thanks in advanced! Question 2 1 pts A 1000 bond with

Can someone please help me with this problem? Attached is an example to help. Thanks in advanced!

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Question 2 1 pts A 1000 bond with annual coupons is redeemable at par at the end of 14 years. At a purchase price of 820.82, the yield rate is i. The coupon rate isi- 0.02. Calculate i. [7.a-b #11] 2. A 1000 bond with annual coupons is redeemable at par at the end of 20 years. At a purchase price of 744.73, the yield rate is i. The coupon rate is i - 0.026. Calculate i. (7.a-b#11] A) 8% B) 7.4% C) 7.7% D) 8.3% E) 8.6% Plugging in answers] works well on this 744.73 = 1000(1-0.026) azoli + 1000 V20 prob. The "table" function makes 744.73 = (1000 i - 20) azdi + 1000 vzo this go quickly. 744.73 = 1000(-vzo) -260zori +1000 120 744.73 = 1000 - 26 azai 26 azi = 255.27 > li = 8% O 6.3% O 6.9% O 7.4% O 7.1% O 6.6%

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