7. A bond you are evaluating has a 10% coupon rate (compounded semiannually), a $1,000 par value, and is 10 years from maturity a. If the required rate of return on the bond is 6%, what is its fair present value? (4 pts) b. If the required rate of return on the bond is 8%, what is its fair present value? (4 pts) What do your answers to parts (a) and (b) say about the relation between required rates of return and fair present value? (2 pts) c