Finance Homework in two one hour

You are the CEO of EdTech, an education technology company that makes technology devices and software for educational purposes. Five years ago, EdTech started investing in its most recent product, The Quiz Master, which allows teachers to create, modify, and grade Quizzes easily from their cell phones or tablets. To pay for The Quiz Master, EdTech needed to borrow additional capital, so, at that time, it issued $10 million worth of 15 year bonds that paid a quarterly coupon payment. The Program is a big success and brings in over $5 million of profits each year. Unfortunately, a glitch in The Quiz Master's programming allows students with a knowledge of computers to hack the program and see the answers to assigned Quizzes. The glitch is not public knowledge, so not everyone is aware of it. You have just been made aware of the glitch.

1) If current rates are 5.05%, and a single bond is worth $1,152.36 today, what is the coupon rate of the bonds.

2) What are your options concerning The Quiz Master?

3) What, if anything, should be done? Why?