Bond valuation

An investor has two bonds in his portfolio that both have a face value of $1,000 and pay a 7% annual coupon. Bond L matures in 20 years, while Bond S matures in 1 year.

Assume that only one more interest payment is to be made on Bond S at its maturity and that 20 more payments are to be made on Bond L.

A. What will the value of the Bond L be if the going interest rate is 6%? Round your answer to the nearest cent.

B. What will the value of the Bond S be if the going interest rate is 6%? Round your answer to the nearest cent.

C. What will the value of the Bond L be if the going interest rate is 8%? Round your answer to the nearest cent.

D. What will the value of the Bond S be if the going interest rate is 8%? Round your answer to the nearest cent.

E. What will the value of the Bond L be if the going interest rate is 14%? Round your answer to the nearest cent.

F. What will the value of the Bond S be if the going interest rate is 14%? Round your answer to the nearest cent.