3. The Nickelodeon Manufacturing Co. has a series of $1000 par value bonds outstanding. Each bond pays interest semi-annually and carries an annual coupon rate of 7%. Some bonds are due in three years while others are due in 10 years. If the required rate of return on bonds is 10%, what is the current price of: a) the bonds with 3 years to maturity? b) the bonds with 10 years to maturity? All bonds in this homework have semi-annual compounding (m=2)