please don't use financial calculator use normal calculator and show every step of calculation.

> Lama 160 Use a manufacturing firm's b) Two bonds have details as shown: Bond Duration and interest Yield to maturity % Deportive cloocor 12 Tritenist0r16x lours X 10 year 16% per annum (payable twice a year) Y 5 year 16% per annum (payable once a year) 12 Interest=1-16x louot! 8 Interst-o. Z 10 year zero coupon bond (8 marks) At what rate of discount or premium is each of the bonds selling at? c) If there is a decrease in interest rates, which would you rather be holding, long-term (5 marks) bonds or short-term bonds? Explain. 0.2 0:3 a