Assume a $1,000 face value bond has a coupon rate of 6.9 percent paid semiannually and has an eight-year life. (a) If investors are willing to accept a 10.1 percent rate of return on bonds of similar quality, what is the present value or worth bond? (Round final answer to nearest dollar amount.) Present value \$ eTextbook and Media Assistance Used Attempts: 0 of 2 used (b) What is the value of the bond if investors wanted an 6.4-percent rate of return? (Round final answer to nearest dollar amount.) Bond value $