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Cox Media Corporation pays a 7 percent coupon rate on debentures that are due in 10 ycars. The current yleld to maturity on bond5 of similar risk is 6 percent The bonds are currently caltable at $1,070. The theoretical value of the bonds will be equal to the present value of the expected cash flow from the bonds. Use Appendix B and Appendix. D for an approximate answer but calculate your final answer using the formula and financial calculator methods. a. Find the market vatue of the bonds using semiannual analysis Note: Ignore the call price in your answer. Do not round intermediate calculations and round your answer to 2 decimal places. b. Do you think the bonds will sell for the pisce you arrived at in part a ? Yes No Appendix B made vilut istipy. Appendix D \begin{tabular}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline \multirow[b]{2}{*}{ Friad } & \multicolumn{25}{|c|}{ Provet } \\ \hline & 17 & 260 & 3= & 49 & 34. & 6% & 76 & & 54 & 1040 & & 124 & 194 & 14 & 19% & 16% & 1746 & 1N+ & 19% & 20% & 25% & 3640 & 35% & 4040 & 50% \\ \hline 1. & & 0.010 & anr & ons2 & 000 & 2901 & eqs? & 0.925 & 0917 & 8909 & 8501 & 0 533 & 0.58 & on & 0.50 & & 0555 & ose & 0.040 & os33 & 0.500 & 0769 & o.741 & 074 & at67 \\ \hline 2 & 1970 & IORE & 1911 & 1156 & & 1.01 & 1.104 & 1783 & 1750 & & 1,71 & 100 & 1561 & 1647 & 1026 & 1605 & & 1506 & 1547 & 1.52 & 1.440 & 1361 & 121% & 1224 & 1111 \\ \hline 3 & 2091 & 244 & & & 2723 & 2671 & 2624 & 2577 & 2591 & 2.489 & 244 & 2402 & 236t & 2122 & 2250 & 2215 & 2210 & 2174 & 2.140 & 2.106 & 1952 & 1.816 & 1006 & 190 & 1.407 \\ \hline 4 & 3902 & 3160 & 371 & 3690 & 3546 & & 3357 & 3312 & 324 & 3.170 & 3102 & 385 & 2974 & 2914 & 2135 & & 274 & 2600 & 2809 & & 2362 & 2165 & 1907 & 186 & 1.605 \\ \hline 3 & (45) & 471 & c460 & 4.55 & & 4312 & 4100 & 3(w) & 3100 & 3.701 & x one & 3609 & 3919 & 3.43 & 3352 & 5274 & 3.100 & 3127 & 305 & 2901 & 2659 & 2436 & 2220 & 20015 & 1.737 \\ \hline & MN3 & 3601 & 5.417 & 1242 & 3076 & 4917 & 4769 & 4621 & & 435 & 4.251 & 1111 & 3.90 & 3135 & 374 & & 3590 & 3ms & 3.410 & 3326 & 2991 & 2643 & 2355 & 2.150 & 1821 \\ \hline 7 & 6.721 & & 820 & 6002 & inso & 32 & 535 & 3.306 & 563 & Assi & 4+12 & 4.564 & & 4283 & 4.160 & 4039 & 3sin2 & 3312 & 1706 & 3.605 & 3181 & 2103 & 2505 & 2265 & 1.513 \\ \hline I & 7.842 & 7.223 & 7020 & 673 & 65 & 6210 & & 5947 & 505 & 5335 & 5.16 & and & 4.70 & 2699 & 4kr & 434 & 4207 & 4075 & 304 & 3197 & 3320 & 2025 & 2505 & 2331 & 1.922 \\ \hline 9 & & & 2750 & 7435 & 7104 & & 6915 & 4249 & 5595 & 5.789 & 535 & 5321 & 5.132 & 4.516 & 4.77 & 4007 & 4.49 & 4301 & 4151 & 4031 & 3.463 & 2019 & 2.605 & 2379 & 194 \\ \hline 16 & & s.951) & 8590 & III & 7.72 & 7060 & 7024 & & 8.418 & 8145 & 385 & & & 3216 & 5017 & 403 & 4649 & 4.494 & 4319 & 4192 & 1571 & 3002 & 2715 & 2.414 & 1.865 \\ \hline 11 & 10041 & & & Asse & 1396 & T.117 & 700 & & 4iof & Ba95: & 0.209 & 5.935 & 5.687 & 5.453 & 524 & 5090 & 4136 & & 406 & 4327 & 3.64 & 1149 & 2758 & 241 & 1577 \\ \hline 13 & II.21 & 10355 & & 925 & 116 & 141 & 200 & 7555 & 7161 & 414 & & 6194 & 5931 & 5000 & 5.421 & 5.197 & 4.948 & 4.993 & 4841 & 4.400 & I & II & 2729 & 24M & 1383 \\ \hline 13 & 12134 & & te.63s & 9056 & & & 1.34 & 7904 & 7.489 & 7.03 & 8.790 & E.427 & 6122 & & 5.53 & 5,30 & 5111 & 1910 & 4715 & 4939 & 1760 & 321 & 2709 & 240 & 1900 \\ \hline 14 & 15604 & 12106 & 11.30 & 10343 & 9100 & & 1.765 & 1:24 & & 7367 & 6062 & & 6012 & 0002 & 5724 & 5464 & 1229 & 5001 & 4.102 & 4611 & 1824 & 2249 & 2.514 & 2.473 & 1991 \\ \hline 15 & & 12849 & 11301 & IIII & 10310 & 0.712 & 9101 & 1599 & 2061 & 7604 & & 6511 & & 6142 & 5sin & 5175 & 3724 & 5002 & 43:6 & 4875 & 1 ses & 3368 & & 2114 & 1505 \\ \hline 14 & 14.71 & 1095 & 12S41 & 11.60 & 10sis & 10.106 & 949 & & 311 & 7321 & 70 & 4.574 & 6204 & 4265 & 594 & 564 & 9.09 & & 4038 & 4735 & 3 sit & 123 & 284 & 2km & 1.997 \\ \hline 17 & 1558 : & 14292 & & 12166 & 11.274 & 10.477 & 9,763 & 9.122 & 1541 & 1022 & 7549 & 7.120 & 6720 & & 6007 & 5.70 & 5.495 & 5222 & 4588 & 4775 & 1010 & 3.25 & 25+0 & 2452 & 1001 \\ \hline 18 & 18304 & 142 & & 1200 & 11000 & 10381 & 10092 & 8372 & 1.796 & 1201 & 7502 & 7200 & 6540 & & 612 & sin11 & 5351 & 3271 & 5091 & 4112 & 1928 & 3304 & 2344 & & 1600 \\ \hline 17. & 17na: & 1557 & 14121 & 18134 & 12055 & IIIS & 10336 & & 1950 & & tons & 7366 & 4931 & 4350 & 6155 & & 594 & 3.16 & 5.050 & 4.43 & 3.92 & 1311 & 2818 & 2016 & 1989 \\ \hline 28 & I8ow & 16351 & arm & 1359 & 1246 & 71.40 & 10904 & 9x18 & 8120 & Atif & 796 & & 7.025 & 6+62 & 6249 & 5.520 & 5621 & 530 & 3.101 & 4a70 & & 356 & & 2kn & towy \\ \hline 15 & 2202 & 1953 & 17.413 & is ons & 14024 & 12.70 & 11.69 & 10675 & & & tea & & 7395 & 6273 & 6451 & 6007 & 5.768 & (1.4)? & 5.195 & 4041 & 3.055 & 3129 & 2850 & 260 & 2000 \\ \hline 30 & & 22316 & 18000 & 17202 & 15372 & & 12+60 & 11258 & 10271 & & 1604 & & T.454 & 7001 & & 8.177 & 5329 & 5.517 & 5739 & 4.970 & 1995 & $332 & 2.857 & 2.500 & 2.000 \\ \hline te & 22is & 2735 & 2.115 & & 1714 & 15046 & 13.392 & 11.925 & 10757 & 8.779 & (1.95) & 1.244 & & 7.105 & 6002 & 6.23 & 5.171 & 534 & 5.248 & 6902 & 3009 & 3133 & 2557 & 2500 & 1000 \\ \hline 50 & 3016 & & & A163 & 11:296 & 15.76 & & 12.23 & & Dins & Do1: & & 7675 & 7.131 & 6.601 & 0.345 & 5km & & 1262 & 4000 & 4000 & 1333 & 2857 & 2900 & 2000 \\ \hline \end{tabular}