Problem 1. Target has a bond outstanding with a coupon rate of 4.2 percent and annual payments. The bond currently sells for $1,912.29, matures in 11 years, and has a par value of $2,000. Show Formulas A) what price would you actually pay if, when you purchase the bond, there are still 4 months left until the next coupon payment? B) (IF semiannual coupons), what is the current yield of this bond? c) Assume Walmart has a $1,000 par value bond outstanding that pays 3% annual coupon and matures in 10 years. Today it sells for $1,107.29. Which bond presents a better investment Walmart or Target (annual)