* Bonds typically have a $1000 face value, and their interest payments (coupons) are paid semiannually. 1. The Widget Company issued a 30-year bond 5 years ago with a face value of $1,000. The bond pays interest semiannually at a 12% annual rate. a. What is the bond's price today if the interest rate is 8%? b. What is the price today if the interest rate is 6%? d. What is the price today if the interest rate is 7.5%