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Can you walk me through how to approach this problem? 7. Suppose Gomas Enterprises has issued a bond that pays 11% interest ($55 semiannual coupons),

Can you walk me through how to approach this problem?
7. Suppose Gomas Enterprises has issued a bond that pays 11% interest ($55 semiannual coupons), and the current market yield is 9%. (a) If the bond matures in 20 years, compute its current price. (b) What if the bond matures in 1 year? (c) What do you notice when comparing the 2 prices and their components

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