Please do not use an online calculator and solve those two questions with explanations and equations. (The answers are given by the way)

Question 11 2/2 points What is today's value of a $500 par value bond that has a 5% coupon payment with interest paid semi-annually, which has 5 years until maturity. The bond is priced to yield at 8%? 439.16 337.78 356.52 Question 12 2/2 points What is today's value of a $1000 par value bond that has a 5% coupon payment with interest paid semi-annually, which has 3 years until maturity. The bond is priced to yield at 8%? $1051.37 $921.37 $943.37