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Please answer quetion 4 and 5 Question 4(7 points) Calculate the current price of a $1,000 par value bond that has a coupon rate of

Please answer quetion 4 and 5

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Question 4(7 points) Calculate the current price of a $1,000 par value bond that has a coupon rate of 15 percent, pays coupon interest annually, has 16 years remaining to maturity, and has a current yield to maturity (discount rate) of 7 percent. (Round your answer to 2 decimal places and record without dollar sign or commas). Your Answer: Answer Question 5 (7 points) Compute the price of a $ 8,834 par value, 13 percent coupon consol, or perpetual bond (i.e. coupon interest payment is a perpetuity), assuming that the yield to maturity on the bond is 8 percent. (Round your answer to 2 decimal places and record without dollar sign or commas). Your

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