1. What is the value of a $1,000 par value bond that has a 10% annual coupon, and has ten years until maturity if the required rate of return (rd) is 8%.

2. What is the value of a $1,000 par value bond with a 8% coupon, paid semi-annually, which has 10 years until maturity and a required rate return of 12%.

3. What is the value of a zero coupon bond which matures in 20 years if the required rate of return is 8%.