Pricing a semi-annual bond:Last year, The Harvest Time Corporation sold $40,000,000 worth of 7.5% coupon, 15-year maturity, $1000 par value, AA-rated bonds to finance its business expansion. These bonds pay semi-annual coupon payments. At issuance, the yield to maturity was 8.4%. Currently, investors are demanding a yield of 8.5% on similar bonds.

(a)If you own one of these bonds and want to sell it, how much money can you expect to receive on it?

(b)If you can reinvest the coupons you receive at a rate of 6% (monthly compounded APR), what is your actual return from holding the bond for one year?

Could you please tell me how to solve it with a financial calculator?