hi, could you please solve the following: thank you so much! 7.1

LO6 7-1. (Bond valuation) Bellingham bonds have an annual coupon rate of 8 perce a par value of $1,000 and will mature in 20 years. If you require a return of 7 what price would you be willing to pay for the bond? What happens if you pau ent, for the bond? What happens if you pay less for the bond? Daud maluation) Flora Co.'s bonds, maturing in 7 years, pay 4 percent intere 8 percent and of 7 percent, as if you pay more