Question: Help me understand this two part question! Finance. A coupon bond that pays interest annually has a par value of $1000, matures in 6 years,

Help me understand this two part question! Finance.

A coupon bond that pays interest annually has a par value of $1000, matures in 6 years, and has a yield to maturity of 15%. If the coupon rate is 5%, the value of the bond today will be __________. Note: Express your answers in strictly numerical terms. For example, if the answer is $500, write enter 500 as an answer."

B. "A coupon bond that pays interest annually has a par value of $1000, matures in 6 years, and has a yield to maturity of 5%. If the coupon rate is 15%, the value of the bond today will be __________. Note: Express your answers in strictly numerical terms. For example, if the answer is $500, write enter 500 as an answer."

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