answer both

Wade expects to inherit about $45,000 from his Aunt in 20 years. What is the value of his inheritance today, assuming an interest rate of 5%? O a) $42,857.14 b) $119,398.40 Oc) $90,000.00 d) $16,960.03 e) $560,799.47 Bonds issued by Sovereign Inc. mature in 10 years and have an 8% coupon rate. If each bond has a maturity value of $1,000, what is the current market price of a Sovereign bond? The bonds are currently yielding 6% and pay coupons semiannually. a) $1,147.20 Ob) $1,148.77 Oc) $865.80 Od) $864.10 e) $1,000.00