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Please show work. 3. 12 years ago Marco Chip Inc. issued 30-year to maturity zero-coupon bonds with a par value of $1,000. The bond has

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3. 12 years ago Marco Chip Inc. issued 30-year to maturity zero-coupon bonds with a par value of $1,000. The bond has yield to maturity of 9.3% compounded semi-annually. What is the current price of the bond? Round the answer to two decimal places. 4. Tom is considering the purchase of Red Lobster Inc. bonds that were issued 4 years ago. When the bonds were originally sold, they had a 25-year maturity and a 6.54% coupon interest rate paid annually. The bond is currently selling for $1,178. What is the yield to maturity on the bonds if you purchased the bond today? Round the answer to two decimal places in percentage form a)12.94%

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