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Suppose you are considering buying a $2,000,000 face value of bond in the secondary market. The bond was issued in 2016 and is due in

Suppose you are considering buying a $2,000,000 face value of bond in the secondary market. The bond was issued in 2016 and is due in 2036. It is now 2020. In 2016, the appropriate market interest rate to price the bond was 8%. This bond pays quarterly interest payments. Currently, other bonds with similar risk charateristics are being issued into the market with 12% coupons. How much would you be willing to pay for this bond? Please tell me the price per $2,000,000 face value and the % of par. What is the name type of bond given its current price relative to its face value? on excel if you can please

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