A Corporation$$s bonds have $12$ years remaining to maturity. Interest is paid annually, the bonds have a $$1,000$ par value, and the coupon interest rate is $8\%.$ The bonds have a yield to maturity of $9\%$What is the bond value if the going rate equals the coupon rate? What is the bond value if the going rate drops to $4\%?$ Answer these question knowing that the bond is a twelve$-$year standard coupon$-$bearing bond