Bonds: What is the value of a semi-annual 2.5% coupon bond with 5 years remaining before maturity if the expected return is 3.75%?

Bonds: What would you be willing to pay for the bond described in question #1 if the expected return were 2.5%?

Bond Conversion: If the bond in question #1 were convertible (20 shares per $1000 face value) and the current stock is selling for $18 per share, would your assessment of the value change from question #1 or #2?