Calculate the fair present values of the following bonds, all of which pay interest semiannually, have a face value of $1,000, have 4 years remaining to maturity, and have a required rate of return of 14 percent.

1. The bond has a 8.8 percent coupon rate. (Do not round intermediate calculations. Round your answer to 2 decimal places. (e.g., 32.16))
2. The bond has a 10.8 percent coupon rate. (Do not round intermediate calculations. Round your answer to 2 decimal places. (e.g., 32.16))
3. The bond has a 14 percent coupon rate. (Do not round intermediate calculations.)

a. Fair present value:

b. Fair present value:

c. Fair present value: