1. A bond with 6 years to maturity and a coupon rate of 9% has a par, or face, value of $21,000. Interest is paid annually. If you require a return of 17% on this bond, what is the value of this bond to you?

The value of the bond is $

2. Find the value of a bond maturing in 9 years, with a $1,000 par value and a coupon interest rate of 8% (4% paid semiannually) if the required return on similar-risk bonds is 12% annual interest (6% paid semiannually).

The present value of the bond is $