please find answers in blue and show work.

2) How many of the coupon bonds must East Coast Yachts issue to raise the $45 million? How many of the zeroes must it issue?

3) In 30 years, what will be the principal repayment due if East Coast Yachts issues the coupon bonds? What if it issues the zeroes?

4) What are the companys considerations in issuing a coupon bond compared to a zero coupon bond?

5) Suppose East Coast Yachts issues the coupon bonds with a make-whole call provision. The make-whole call rate is the Treasury rate plus .40 percent. If East Coast calls the bonds in seven years when the Treasury rate is 4.8 percent, what is the call price of the bond? What if it is 6.2 percent?

Input area: Years to maturity Required return Amount needed Face value 30 5.50% 45,000,000 1,000 $ $ Coupon rate Tax rate 5.50% 21% Year bond is called Spread above Treasury Treasury rate at call Treasury rate at call 7 0.40% 4.80% 6.20% Output area: 1,000 2) Price of coupon bond # of coupon bonds needed 196.38 Price of zero coupon bond # of zeroes needed TIET 3) Repayment of coupon bonds Repayment of zeroes 4) Year 1 interest payments: Pretax coupon payment Aftertax coupon payment S Cash inflow Value of zero in one year S 207.33 Zero coupon growth S 10.95 Zero coupon bond Cash inflow During the life of a bond, the zero generates cash inflows to the firm in the form of the interest tax shield of debt. 5) Make whole price Make whole price