a. (5 points) A large grocery chain is reevaluating its bonds since it is planning to issue a new bond in the current market. The firm's outstanding bond issue has 5 years remaining until maturity. The bonds were issued with an 8 percent coupon rate (paid semiannually) and a par value of $1,000. Because of increased risk, the required rate has risen to 12 percent. What is the current value of these securities? b. (5 points) Rework the bond above in part a if it is an annual bond. 2.2 a. (5 points) Assume that the bond in 2.1a had 5 years and 2 months until it matures. What is it worth? b. (5 points) What would be the quoted price for this bond? 2.3 a. (5 points) Assume that the bond in 2.1a still has 5 years until it matures. What is it worth in one year if rates go down to 10%? b. (5 points) A large grocery chain is reevaluating its bonds since it is planning to issue a new bond in the current market. The firm's outstanding bond issue has 8 years and 5 months remaining until maturity. The bonds are floating rate bonds with a par value of $1,000. Two months ago, the bonds repriced at an 8% rate. Because of increased risk, the required rate has risen to 9 percent. What is the current value of these securities?