IM USING A TI-84PLUS CALCULATOR PLEASE SHOW ME HOW TO WORK IT USING THAT CALCULATOR IF POSSIBLE!
a BBB-rated Corporate bond has a yield to maturity of 5.0%. A U.S. Treasury security has a yield of 3.0%. These yields are quoted as APRs with semiannual compounding. Both bonds pay semi-annual coupons at a rate of 3.2% and have five years to maturity.
A. What is the price (expressed as a percentage of the face value) of the treasury bond? ( round to three decimal places)
B. What is the price (expressed as a percentage of the face value) of the BBB-rated corporate bond? (Round to three decimal places)
C. What is the credit spread on the BBB bonds? (Round to two decimal places)