please do 8.5 please do the formula steps instead of excel. The professor wants us to understand it by formula. thanks

quiphent sioud ve puremased A stockbroker has proposed two investments in low- rated corporate bonds paying high interest rates and selling at steep discounts junk bonds). The bonds are rated as equally risky and both mature in 15 years 8-5 Annual Current Market Price with Stated Interest Value Payment Commission Bond Gen Dev $1000 $67 RJR $480 630 1000 98 (a) Construct a choice table for interest rates from (b) Which, if any, of the bonds should you buyit (c) Are there professional ethics standards for stock 0% to 100% your MARR is 20%? brokers in the U.S.? What are some common ethical pitfalls? 8-6 A firm is conai d