1. a) Calculate the value of a bond that matures in 15 years and has a $1,000 par value. The coupon interest rate is 8%, the yield-to-maturity is 12% and the interest is paid annually. b) Calculate the value of a bond that matures in 15 years and has a $1,000 par value. The coupon interest rate is 10%, the market interest rate is 8% and the interest is paid annually. c) Calculate the value of a bond that matures in 15 years and has a $1,000 par value. The coupon interest rate is 8%, the yield-to-maturity is 12% and the interest is paid semi-annually. d) 20 years bond and has been issued for 10 years and has a $1,000 par value. The coupon interest rate is 10%, the discount rate is 8% and the interest is paid semi-annually. e) Based on four relationships, conclude the result from (a) to (d). (Hint: Refer to slides chapter 9 from slides no. 58-66)