Christina is considering investing in a bond having a $1,000 par value, an 8% coupon rate, and 20 years until
maturity. The bond pays interest annually. Christina requires a 6% return on the bond.
a. What is the value of the bond to Christina? Round your answer to two decimals.
b. If the current market price of the bond is $1,150, what is the yield to maturity on the bond? Express your answer in percent with two decimals.
please show using the Financial calculator