Perkasa Corporation Berhad is a construction company specializing in building high end residential property in Klang. The company is expanding its business and would like to issue 100 bonds with par value of RM1,000 each with a coupon rate of 9 percent. The bonds will be matured 12 years from now. Based on the above information, you are required to:

a. calculate the total value of the bond if the required return is 7 percent.

b. calculate the total value of the bond if the required return is 11 percent.