Bond price: BA Corp is issuing a 10-year bond with a coupon rate of 8 percent. The interest rate for similar bonds is currently 6 percent. Assuming annual payments, what is the value of the bond?

Bond price: Knight, Inc., has issued a three-year bond that pays a coupon rate of 6.10 percent. Coupon payments are made semi-annually. Given the market rate of interest of 5.80 percent, what is the market value of the bond?