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Please use an excel spreadsheet and show your calculations.Clearly indicate your final answer(s). Question 2: There is a bond that currently has 16 years until

Please use an excel spreadsheet and show your calculations.Clearly indicate your final answer(s).

Question 2:

There is a bond that currently has 16 years until maturity and the yield to maturity on the bond is 5.96%.If the bond pays semi-annual coupons of $39.95, determine the following:

a.What is the price of the bond today?

b.What is the current yield on the bond?

c.If the yield to maturity on the bond decreases to 5.25% over the course of 1 year, what will the new price of the bond be one year from now?

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