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I don't reaally know how to start it, can someone please help? Problem 2: A one year bond with a coupon rate of 9% per

image text in transcribedI don't reaally know how to start it, can someone please help?

Problem 2: A one year bond with a coupon rate of 9% per annum payable semiannually and a redemption value of $100 is priced at $88. a. Use the Salesman's Rule to approximate the per annum yield to maturity. b. Use algebra to find the per annum yield to maturity compounded semiannually. Please be accurate to 4 places after the decimal point. c. Generalize your work. Given C (semiannual coupon), M (maturity value, and P (the price) algebraically express i (semiannual yield to maturity) in term of C, M, and P. Remember that i will be positive

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