9. A boot you ire evaluting has a 8.5 percent coupon rile

(eumpounded scriannually), a $1.000 face valuc, and is 10

pears from maturity, (034)

If the rogued rate of returu on the bond is 6 percent.

in hul de is fair present valuc

1. If the requirel rate of return on the bond is 8 percent.

slut is ss Bir present valuc?

c. Where do your answers to parts (a) and (by cyy about the

milance: herebe required rates nf leturn and fair values