Please answer the problem on paper

Show the work

Thanks!

Finance 201 Ch. 6 Exercise: You have the choice of purchasing one of two bonds. Both bonds are issued by the same corporation and have the same term to maturity of 15 years. They offer a fixed 9% coupon rate, one is paid annually and the other offers semi-annual payments. 1. Which bond would you prefer? Which offers the highest effective annual rate? Provide support for your answer. If the semi-annual bond was priced at $1,000 what would the annual bond sell for? (ie the equilibrium price) a. b