Question 2 (25 points) a. The Lo Sun Corporation offers an 6% bond with a current market price of $875.05. The yield to maturity is 7.34%. The face value is $1,000. Interest is paid semiannually. How many years is it until this bond matures? (5 points) b. A corporate bond is quoted at 112.767. What is the market price of a bond with a $1,000 face value? (5 points) c. The MerryWeather Firm wants to raise $20 million to expand its business. To accomplish this, it plans to sell 30-year, $1,000 face value, 10% coupon bonds, payable semi-annually. The bonds will be priced to yield 6.5%. What is the minimum number of bonds it must sell to raise the $20 million it needs? (10 points) d. A corporate bond is quoted at a price of 98.20 with a 6.875 coupon. The bond pays interest semiannually. What is the current yield on one of these bonds? (5 points)