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An investor has two bonds in his portfolio that have a face value of $ 1 , 0 0 0 and pay a 1 3

An investor has two bonds in his portfolio that have a face value of $1,000 and pay a 13% annual coupon. Bond L matures in 10 years, while Bond S matures in 1 year.
a. What will the value of the Bond L be if the going interest rate is 7%,9%, and 14%? 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.
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