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An investor has two bonds in his portfolio that have a face value of $1,000 and pay a 10% annual coupon. Bond L matures in

An investor has two bonds in his portfolio that have a face value of $1,000 and pay a 10% annual coupon. Bond L matures in 10 years, while Bond S matures in 1 year.

What will the value of the Bond L be if the going interest rate is 7%, 8%, and 11%? Assume that only one more interest payment is to be made on Bond S at its maturity and that 10 more payments are to be made on Bond L. Round your answers to the nearest cent.

7% 8% 11%
Bond L $ $ $
Bond S $ $ $

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