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please answer both annual and semi annual. also please try to use excel PV formula 6 2. A 6.50% coupon bond with 18 years left

image text in transcribed please answer both annual and semi annual. also please try to use excel PV formula

6 2. A 6.50% coupon bond with 18 years left to maturity is offered for sale at $1,035.25. What yield to maturity [interest rate] is the bond offering? Assume interest payments are paid semi-annually, and solve using semi-annual compounding. Par value is $1000. [Annual Compounding Answer] (Semi-annual Compounding Answer] 7

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