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Please show all work/formulas in EXCEL NOT TYPED. Will upvote! thank you in advance! The current yield for a $1,000 par bond that pays 16%

Please show all work/formulas in EXCEL NOT TYPED. Will upvote! thank you in advance!

  1. The current yield for a $1,000 par bond that pays 16% semiannual coupon and has a market price of $890 is:

    8.00%

    8.99%

    9.87%

    16.50%

    17.98%

  2. If a 14-year $1,000 par bond with a 7% annual coupon, a 10% yield to maturity is currently selling for $904.90. If the yield to maturity remains unchanged, the expected market price for this bond in two years is:

    850.25

    795.59

    1,020.75

    925.39

    1,001.63

Please remember to do in Excel, thank you!

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