A. You are evaluating an investment in a corporate office complex.It produces a rental income stream that you believe will grow at the rate of 1% per year in perpetuity. The first year's income is $100,000 (which will be received exactly 1 year from now).If your discount rate is 8%, what would be a fair price to pay for this investment?Please enter your answer to the nearest dollar

B. A coupon bond that matures in 3 years paying an annual coupon of 8% (in semi-annual installments) with a face value of $1000 has an annual yield-to-maturity of 6%.The bond made its most recent interest payment yesterday, and so has 6 interest payments remaining.What is the price of the bond?Round the price to two decimal places (i.e. 123.45).