An investor has two bonds in his portfolio that both have a face value of $1,000 and pay a 7% annual coupon. Bond L matures in 17 years, while Bond S matures in 1 year.

Assume that only one more interest payment is to be made on Bond S at its maturity and that 17 more payments are to be made on Bond L.

a. What will the value of the Bond L be if the going interest rate is 4%? Round your answer to the nearest cent.

b. What will the value of the Bond S be if the going interest rate is 4%? Round your answer to the nearest cent.

c. What will the value of the Bond L be if the going interest rate is 8%? Round your answer to the nearest cent.

d. What will the value of the Bond S be if the going interest rate is 8%? Round your answer to the nearest cent.

e. What will the value of the Bond L be if the going interest rate is 13%? Round your answer to the nearest cent.

f. What will the value of the Bond S be if the going interest rate is 13%? Round your answer to the nearest cent.