Please offer calculator inputs and mathematical/verbal explanations below. You may only use a blank Excel worksheet.

a. If you were to purchase a nine year T-Note with a 2.8% YTM, what would its price (assuming a semiannual PMT) be it its coupon rate is 2.60%? (1.5 Points) Also, briefly explain the relationship between the YTM, the coupon rate, and the price...starting the math in solving for PV? Why is the price higher/lower than par? (2.5 Points) b. If you were to purchase a nine year Corporate Debenture for a $980 price, what would its YTM be (assuming a semiannual PMT) be it its coupon rate is 5.8%? (1.5 Points) Also, briefly explain why the corporate debenture has a higher relative yield compared to a similarly-termed T-Note. If either bond matured in 2 years (instead of nine), would you expect the YTM to be more or less? Why? (2 points)