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4 a ) Pacific Homecare has two bond issues outstanding. Both bonds pay $ 1 0 0 in annual interest plus $ 1 , 0

4

)

Pacific Homecare has two bond issues outstanding. Both bonds pay $

100

in annual interest plus $

1, 000

at maturity. Bond S

(

S for short term

)

has a maturity of

5

years, and Bond L

(

L for long term

)

matures in

30

years. What is the value of Bond L

when the reuired interest rate is

10

percent

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