General Rentals has two bond issues outstanding, A and B. Both bonds have a par value of $1,000. Bond A has an annual coupon rate of 12%, while Bond B is a zero coupon bond. The going interest rate is 9%. Find the value of both bonds for each of the following time to maturity: a. 4 years to maturity (Draw timelines to visualize the bonds in part a) b. 3 years to maturity c. 1 years to maturity d. 0 years to maturity The White Stone Company issued a bond with four years remaining to maturity, a $1,000 face value, and an annual coupon rate of 9%. a. What is the yield to maturity if the bond is trading at the current market price of (1) $780 or (2) $1,200 ? b. Would you be willing to pay $780 for the bond if you thought the appropriate interest rate was 11% ? Briefly explain your