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please show work ! Thank you so much 1. A unique 30-year bond matures in 10 years sells for $1050, has a $1,000 face value,
please show work ! Thank you so much
1. A unique 30-year bond matures in 10 years sells for $1050, has a $1,000 face value, pays interest monthly, and has a yield to maturity of 10.5883%.
a. (5 pts) What is the annual coupon rate?
b. (5 pts) What is the bonds current yield?
2.
Renfro Rentals has issued bonds that have a 10% coupon rate, payable semi-annually. The bonds mature in 8 years, have a face value of $1,000, and a yield to maturity of 12.95%. What is the price of the bonds?
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