Instructions: You are required to use a financial calculator or spreadsheet (Excel) \ related to the risk and return, stocks and bonds valuation. You are required to show the following 3 steps for each problem

(i) Describe and interpret the assumptions related to the problem. (ii) Apply the appropriate mathematical model to solve the problem. (iii) Calculate the correct solution to the problem.

1. ABC Corporation issues a bond which has a coupon rate of 10.20%, a yield to maturity of 9.75%, a face value of $1,000, and a market price of $1,150. What is the annual interest payment? Round to two decimal places. 2. A shipping company sold an issue of 16-year $1,000 par bonds to build new ships. The bonds pay 8.25% interest, compounded semiannually. Today's required rate of return is 6.80%. How much should these bonds sell for today? Round to two decimal places.

2. A shipping company sold an issue of 16-year $1,000 par bonds to build new ships. The bonds pay 8.25% interest, compounded semiannually. Today's required rate of return is 6.80%. How much should these bonds sell for today? Round to two decimal places

Please follow instructions!!! please write clearly if use handwriting Thanks