PLEASE ANSWER IT ON PAPER (show formulas along with step by step solution).

Thanks

There is an inverse floater with a current annual coupon of $60 and a face of $500. Its companion floater is selling at par, $500, and has a current annual coupon $10. Both of these instruments mature in 4 years. What is the current price of the bond that was used to generate these instruments and what is the inverse floater currently selling for? There is an inverse floater with a current annual coupon of $60 and a face of $500. Its companion floater is selling at par, $500, and has a current annual coupon $10. Both of these instruments mature in 4 years. What is the current price of the bond that was used to generate these instruments and what is the inverse floater currently selling for