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( without the use of AI chat gpt ) Please solve this question with steps. 5 . You are given the following information on two

(without the use of AI chat gpt ) Please solve this question with steps. 5. You are given the following information on two bonds. Bond X is a zero-coupon bond that will pay a redemption amount of C at the end of 15 years and is currently selling for 706.27. Bond Y is a 15-year bond, redeemed at par, with face amount of 100 and coupons payable quarterly at a nominal interest rate of 7%, compounded quarterly and is currently selling at par. Find C if both bonds have the same nominal yield rate convertible quarterly.

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