Upon graduating 6 months ago, Bill got a job at a major Canadian Investment firm that specializes in Bonds.Trevor Car is Bill Sing's boss, and has concluded, that Bill is a fraud and should not be working at the company.Trevor is going to give Bill one more chance to prove himself.He has asked Bill to complete analysis on Bonds from PJ Motors and Indy Exports.The bonds from PJ Motors are premium bonds with a 12% coupon.Indy Exports bonds sell at a discount with an 7% coupon.The yield to maturity for both bonds is 8% and have eleven years to maturity.Both bonds make annual payments and interest rates are not expected to change over the year