1.) Comcast issued a $1,000 par value bond paying 8 percent interest with 15 years to maturity. Assume the current yield to maturity on such bonds is 10 percent. What is the price of the bond? [Hint: You need to find the present value of the annuity and the present value of the principal payment at maturity. To do this, you can use the Excel spreadsheet using the present value of annuity tab and enter the information. Then use the factor tables for a given n and i and multiply by the par value of the bond.]