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i have the answers but im needing a breakdown and explanation for how to work these problems out to find the answers for 1-3 1)

i have the answers but im needing a breakdown and explanation for how to work these problems out to find the answers for 1-3 image text in transcribed
1) The 7 percent bonds issued by Modern Kitchens pay interest semiannually, mature in eight years, and have a $1,000 face value. Currently, the bonds sell for $1,032. What is the yield to maturity? 1) 06.48 percent B) 6.08 percent C) 7.20 percent D) 6.92 percent E) 6.87 percent 2) New Homes has a bond issue with a coupon rate of 5.5 percent that matures in 8.5 years. The bonds have a par value of $1,000 and a market price of $972. Interest is paid semiannually. What is the yield to maturity? 2) A) 5.61 percent B) 6.36 percent 5.92 percent D) 5.74 percent E) 6.42 percent 3) Redesigned Computers has 6.5 perce yield to maturity is 13.2 percent an until these bonds mature? 3) Computers has 6.5 percent coupon bonds outstanding with a current market price of $742. The is 13.2 percent and the face value is $1,000. Interest is paid annually. How many years is it 5.73 years B) 8.32 years C) 4.19 years D) 6.16 years E) 7.41 years 4) Today, you want to sell a $1.000 fana

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