Question: I cannot understand how to do these. If you have a formula, that would be very helpful for me. 1. What is the value of

I cannot understand how to do these. If you have a formula, that would be very helpful for me.

1. What is the value of a 10-year bond outstanding with 8 years left in "year-to-maturity" 7% annual coupon rate and 3% annual required rate (future value=$1000.00)?

2. How many years left in a 10-year bond outstanding with 10% annual coupon rate, 12% annual required rate, and $908.73 in its fair value (future value=$1000.00)?

3. What is the value of a 10-year bond outstanding with 9 years left in "year-to-maturity" 4% annual coupon rate and 8% annual required rate (future value=$1000.00)?

4. What is the value of a 10-year bond outstanding with 3 years left in "year-to-maturity" 11% annual coupon rate and 6% annual required rate (future value=$1000.00)?

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