I need help with the following assignment. Please see the attached document. Please show me the step-by-step process. I really appreciate the help in understanding this.

IBM Bond Pricing. All bonds have some common characteristics, but they do not always have the same contractual features. Differences in contractual provisions, and in the underlying strength of the companies backing the bonds, lead to major differences in bonds risks, prices, and expected returns. It is important to understand how bond markets actually function and what the appropriate terminology is. Go to www.nyse.com Click on Products, and then click on Bonds on the right side of the window. In the window "Issuer name" type IBM. Click Go. Answer the following 6 questions. Please show your work. Copy the quotation of one IBM bond that contains the price \"Last Trade Price\". Present these quotations in your posting. Describe the information that you received from the quote of the bond. You have to explain each number and symbol that appears in the bond quotation. 1. Assume that par value of the bond is $1,000. What was the last price of the bond in $$$ (listed in Last Trade Price)? 2. Assume that par value of the bond is $1,000. Calculate annual coupon interest payments. 3. Assume that par value of the bond is $1,000. Calculate current yield of the bond. 4. Assume that par value of the bond is $1,000. Assume annual coupon payments. Calculate YTM of the bond using the last price (listed in Last Trade Price). (Round the number of years to the whole number). Show your work. 5. Describe one major shortcoming for YTM and current yield. How would the following affect the yield on newly issued bond? Please explain your answer. a) The bonds are callable. b) The bonds are subordinated to the existing bond issue. c) The bond rating is better or worse than the Moody's Aa3 that IBM anticipates. International Business Machines corps Last price: 143.70 Day Change : -3.08/ -2.10% Bid: 143.25 Bid Size: 1 Ask: 0:00 Fri Sep 04, 2015. 04:00 Pm/USD/delays Closed Ask size: 0 High: 145.40 Low: 143.32 Volume: 4.20 mil Previous Close: 146.78 Open: 144.57 52WK Low: 140.62 52W L (DATE): 0825-2015 52WK HIGH:195.00 52W H (DATE) 09.19.2014 MKT CAP: 140.76 bil last Traded price: This is the price at which the stock last changed hands from seller to buyer. This changes often. Day Change: This is the difference between the last closing price and the current price (Last Price). Bid: The Bid is the current market price offered for the stock. Bid size: Bid Size is the opposite of ask size. The number of shares being offered for purchase at a specified bid price, that a buyer is willing to purchase at that bid price Ask: The Ask or Asking Price is the opposite side of the trade to the Bid Price. If you want to buy a stock this is the price that someone else is ASKING for it. The Ask is the current price that it will cost you to buy each stock. Ask Size: The amount of a security that a market maker is offering to sell at the ask price. The higher the ask size, the more supply there is that people want to sell. High/Low: The highest and lowest prices that a stock has traded at during the previous year. Many traders and investors view the 52-week high or low as an important factor in determining a stock's current value and predicting future price movement. Volume: This is how many shares have changed hands during the current trading day. Here we see nearly 2.5 million individual shares changed hands today. Previous Close: This is the stock price of the last transaction of the previous day's trading. Open Price: The open price is the price at which the first share was traded for the current trading day. 52W Range: It is either low or high. The 52-week range is the value between which the stock price has moved within the last 52 weeks. Market cap: It the total money market value of the shares outstanding of a publicly traded company; it is equal to the share price times the number of shares outstanding