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21 A firm has an outstanding issue of bonds with a face value of $1,000 and a 13.5 percent coupon interest rate. The issue has

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21 A firm has an outstanding issue of bonds with a face value of $1,000 and a 13.5 percent coupon interest rate. The issue has 15 years remaining to its maturity date. Requirement 1: If interest is paid annually and the yield-to-maturity on these bonds is 9 percent, what is the current bond price? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) Bond Price 15 points 01:32:47 eBook Requirement 2: What is the current price of the bond if interest is paid semiannually rather than annually? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) Bond Price

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