Question: QUESTION 1 How much should you pay for a $1,000 bond with 7% coupon, annual payments, and 9 years to maturity if the interest rate

 QUESTION 1 How much should you pay for a $1,000 bond

QUESTION 1 How much should you pay for a $1,000 bond with 7% coupon, annual payments, and 9 years to maturity if the interest rate is 6%? QUESTION 2 How much should you pay for a $1,000 zero-coupon bond with 18 years to maturity if the interest rate is 10%

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