An investor is considering purchasing a new issue of 5-year bonds of $1.000 par value and an annual fixed coupon rate of 12%, while coupon payments are made semiannually. The minimum annual yield that the investor would accept is 6.75% find the fair value of a bond? O a. 876.55 O b. 1219.75 O c. 717.55 d. 1123.45 If you pay rent of $1,200 due on the beginning of each year. If the annual interest rate is 8%, the present value of 5 year's rent is: O a. 57120 O b. 58200 O c $6170 d. 55174.55