1) "A coupon bond that pays interest annually has a par value of $1000, matures in 3 years, and has a yield to maturity of 8%. If the coupon rate is 6%, the value of the bond today will be __________. Note: Express your answers in strictly numerical terms. For example, if the answer is $500, write enter 500 as an answer."

2) "A coupon bond that pays interest annually has a par value of $1000, matures in 4 years, and has a yield to maturity of 1%. If the coupon rate is 11%, the value of the bond today will be __________. Note: Express your answers in strictly numerical terms. For example, if the answer is $500, write enter 500 as an answer."

little confuse with solution