Case 1. Bond Valuation (20%) Dandle Dee Corporation Issued 6.75 % Coupon Rate Bonds that mature on June 1st, 2045 and were issued 11 years ago. Here is the following data of the bonds:

Bonds Call Price at Call Date (June 1st, 2039) $ 5,888

Redemption Value $ 8,000

Required Return 12.00%

Frequency 2

Basis 0

questions:

a. Calculate the Value of Bonds using the Price Function & PV Function. (7%)

b. Calculate Return of Current Yield, Yield to Maturity, Yield to Call. (7%) c. Calculate Macaulay Duration and Modified Duration about the bonds. (6%)