HexChat, Inc. has issued 18 year bonds 4 years ago. The bonds pay semiannual coupons, with a coupon rate of 3.2 percent, and $1000 face value. If your required return on this investment is 9.9 percent APR, how much would you be willing to pay for this bond?

The Great White Whale Co. wants to issue zero coupon bonds with $1000 face value and 100 years to maturity. If your required return is 5.9 percent per year, how much would you be willing to pay for one of these bonds today?