Hi,

I need help in answering these questions. Please provide solutions using BAII Plus Calculator with step by step instructions and answer. As clear as possible.

Question 1:

Julia Limited sells a 12-year semi-annual coupon bond that has an effective annual return of 4.6529%.What is the amount of each interest payment if the bond issue price is the same as the face value of the bond?

Question 2:

Joshua Inc. wants to sell bonds to finance its business expansion. To accomplish this, they plan to sell 20-year, $6.2 million face value, zero-coupon bonds. The bonds will be priced based on a yield to maturity of 9.5%. How many bonds must they sell to raise the required capital?

Question 3:

How much interest is to be paid in the second year of a 6-year loan of $100,000 with payments occurring at the end of each month, and a 6% annual interest rate compounded monthly?

Thanks in advance!