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Please show all detailed work without use of Excel A DPG bond has 10 years until maturity and a coupon rate of 10% payable annually

Please show all detailed work without use of Excel
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A DPG bond has 10 years until maturity and a coupon rate of 10% payable annually and sells for $1100. a. What is the current yield on the bond? [2 marks] b. What is the yield to maturity of the bond? [4 marks] Note that you can use financial calculator or Excel to find YTM but in such case you have to show that using YTM as a discount rate would give you value of bond today equals to $1100. c. If the bond's YTM raises to 11% after two years, what will be the value of bond after two years? [ 4 marks] Hints: After two years, the bond will have just 8 more years remain to maturity

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