Consider a 5-year 3.2%-coupon bond that pays a $1,000 par value at maturity. What is the present value of the bond if it pays semi-annual coupons? Assume the appropriate discount rate is 8 percent? (Round your answer to the nearest whole number.) Answer: Consider a bond that pays $58 a year forever. Assume 7.3 percent to be the appropriate discount rate. What is the present value of the bond if it pays the same annual coupons in perpetual? (Round your answer to the nearest whole number.)