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Each of following bonds pay interests annually: Bond Par value Coupon interest rate Years to maturity Current value $1,000 9% 8 $ 820 B 1,000

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Each of following bonds pay interests annually: Bond Par value Coupon interest rate Years to maturity Current value $1,000 9% 8 $ 820 B 1,000 12 16 C 500 12 12 560 a. Calculate the cost of the capital (Yield to Maturity) for each bond, please show your work with the calculator inputs or formula (Cost of long-term Debt). 1,000 b. What relationship exists between the coupon interest rate and YTM, the Par value and the market value of a bond. Please explain the relationships in the abbve cases

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