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FINA 1003-Banyan Tree Corporation has bonds on the market

Q1 Banyan Tree Corporation has bonds on the market with 30 years to maturity, a YTM of 9%, a face value of $1,000 and a current price of $899.89. The bonds make quarterly payments. 3 years later, the YTM becomes 11%, what is the value of the bond and the current yield at that time?Q2 You purchase a bond (face value is $1,000) with a dirty price of $1035. The bond has a coupon rate of 5.9%, and there are four months to the next annual coupon date. What is the clean price of the bond?

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