Coupon Rates and Valuing Bonds1.Valuing Bonds: Even though most corporate bonds in the United States make coupon payments semiannually, bonds issued elsewhere often have annual coupon payments. Suppose s German company issues a bond with a par value of 1, 000, 23 years to maturity, and a coupon rate of 5.8 percent paid annually. If the yield to maturity is. 6.9%, what is the current price of the bond? ( I have to show my work) 2. Coupon rates Hollin Corporation has bonds on the market with 12.5 years to maturity, a YTM of 7.3 percent, and a current price of $1040. the bonds make semiannual payments, what must the coupon rate be? (show work)