consider a 5year old bond with a par value of 80,000 this bond pays dividends or coupon of 6% each year it will also pay a par value at the maturity this bond is priced at 3.4% interest compounded yearly

consider a 5-year bond with a par value of $80,000. This bond pays dividends or coupon of 6% each year. It will also pay a par value at the maturity. This bond is priced to earn 3.4% interest compounded yearly. Calculate the portion of the bond's cost that will provide a par value of $80,000 after 5 years. a. 2a)ANS(7 pts) Calculate the portion of the bond's cost that will provide the series of yearly payments of 6% of the par value for 5 years b. Ab 2b) Calculate the total cost of this bond 2c) c