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Please answer the questions below and charting out each of the problem elements(ex.N=10 PV=1200). Par value assume

10. You have been offered the opportunity to purchase a non-callable bond with a $100 annual coupon ata market rate of 7% that matures in 15 years. What is the most you should pay for this bond? What is the current price of a bond with an 8% semiannual coupon at a market rate of 6% thatmatures in 10 years? What is the yield to maturity of a bond with a 7% semiannual coupon, a current price of $1,200, thatmatures in 15 years? Last year you purchased a bond with a 6% semiannual coupon with a market rate of 8% that maturesin 20 years. Today, 1 year later, the market rate has increased to 10%. What is the percentage changein bond value from last year to today? Two years ago you purchased a bond with a 6% semiannual coupon with a market rate of 8% thatmatures in 20 years. Today, the market rate has decreased to 6.5%. What is the percentage change inbond value from two years ago to today?

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