HidB Noox Heding Paragraph the are ready to be installed, but first we need to close some app WS Update no The Churchill Company issued a 25-year bond five years ago with a face value of $1,000. The band pers Interest semiannually at a 10% annual rate. Required: Show all calculations a. What is the bond's price today if the coupon rate on comparable new issues is 1237 Smars b. What is the price today if the coupon rate on comparable bonds declines to 87 (5 mars Explain the results of parts a) and b) in terms of opportunities available to investors. Specifically, comment on the relationship between coupon rates on newly issued bonds and the coupon of the existing bond. (S marks) I Facul English (United States o C C re to search