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Kelly Inc. bonds have a 10 percent coupon rate. The interest is paid semi-annually, and the bonds mature in 9 years. The par value is

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Kelly Inc. bonds have a 10 percent coupon rate. The interest is paid semi-annually, and the bonds mature in 9 years. The par value is $1,000. If your required rate of return is 8 percent, what is the value of the bond to you? Please show your calculation clearly and legibly. Shelly Inc. bonds have a 9 percent coupon rate. The interest is paid annually and the bonds mature in 10 years. The par value is $1,000 and the bonds are currently selling for $830.49. What is the bond's expected annual rate of return? Please show your calculation clearly and legibly. No interpolation is necessary

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