Answer the last 2 questions please

however, if interest rates fall, then the value of the bond rises.Ascount bond is one that sells below its par value. This situation occurs whenever the going rate of interest is above the coupon rate. Over time its value will Increase approaching its maturity value at maturity. A premium bond is one that sells above its par value. This situation occurs whenever the going rate of interest is below the coupon rate. Over time its value will decrease approaching its maturity value at maturity. A par value bond is one that sells at par, the bond's coupon rate is equal to the going rat of interest. Normally, the coupon rate is set at the going market rate the day a bond is issued so it sells at par initially. Quar titative P oblem: Potter ndut e has bond 'sue outstanding with an annual coupon of 6% and a 10-year maturity. The par value of the bond is $1,00 tr the going annual interest rate is 9% what is the value of the bond? Round your answer to the nearest cent. Do not round intermediate calculations Quantitative Problemi Potter t dustries has a bond issue outstanding with a 6% coupon ate with semua n al par er ts of $30 and a 10 year maturity. The par value of the bond is $1,000. If the going annual interest rate is 9%, what is the value of the bond? Round your answer to the nearest cent. Do not round intermediate calculations. Check My Work (i remaining)