Part A.) Find the Value of a bond that pays a coupon of 8% (paid annually). The Bond has 15 years left to mature and the current market interest rates = 9%. Par value = $1000.

Part B.) Find the Value of a bond that pays a coupon of 9% (paid semi-annually). The Bond has 20 years left to mature and the current market interest rates = 8%. Par value = $1000.