1) Calculate the price of the following bond: Par value = $1,000; Coupon rate = 9% (paying coupon annually); Time-to-maturity = 5 years; the interest rate is 12%.

Group of answer choices

$1,034.00

$891.86

$755.30

$992.12

2)

Calculate the price of the following bond: Par value = $1,000; Coupon rate = 12% (the bond pays coupon semi-annually); Time-to-maturity = 4 years; the annual interest rate is 10%.

Group of answer choices

$902.02

$1,064.63

$1,124.05

$956.88