Assume that coupon interest payments are made semiannually and that par value is $1,000 for both bonds.

	Bond A	Bond B
Coupon rate	4.75%	4.75%
Time to maturity	5 years	25 years
Required return	7.20%	7.20%

a. Calculate the values of Bond A and Bond B. (Round your answers to 2 decimal places.)

Bond value A	$
Bond value B	$

b. Recalculate the bonds values if the required rate of return changes to 9.06%. (Round your answers to 2 decimal places.)

Bond value A	$
Bond value B	$

c. Calculate the increase or decrease in bond value based on the change in required return. (Round your answers to 2 decimal places.)

Bond value A (Click to select)increasedecrease	$
Bond value B (Click to select)increasedecrease	$