1. If the discount rate is 10%, what is the present value of a security that pays you $2,200 next year, $2,420 the year after, $2,662 in three years, and $2,928.2 in four years? 2. Assuming that the current interest rate is 3%, compute the value of a five-year, 5% coupon bond with a face value of $1000. What happens when the interest rate goes to 4%