1. A) ?(Bond valuation) A bond that matures in 8 years has a ?$1000 par value. The annual coupon interest rate is 15 percent and the? market's required yield to maturity on a? comparable-risk bond is 13 percent. What would be the value of this bond if it paid interest? annually? What would be the value of this bond if it paid interest? semiannually?

B) Doisneau 25?-year bonds have an annual coupon interest of 13 ?percent, make interest payments on a semiannual? basis, and have a ?$1000 par value. If the bonds are trading with a? market's required yield to maturity of 15 ?percent, are these premium or discount? bonds? Explain your answer. What is the price of the? bonds?

The price of the bonds is ?$_______. ? (Round to the nearest? cent.)