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How much would you be willing to pay today for a bond with the following characteristics? (show your work) You would receive $1000 a year

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How much would you be willing to pay today for a bond with the following characteristics? (show your work) You would receive $1000 a year for the next 8 years the current interest rate for this type of bond is 8 percent What if the bond paid $500 every six months for the same 8 years 9? (show your work) What if the same bond has an extra $9,000 payment at the end of year 9? (show your work)

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