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Problem 7-8 The Mariposa Co. has two bonds outstanding. One was issued 25 years ago at a coupon rate of 9%. The other was issued 5 years ago at a coupon rate of 9%. Both bonds were originally issued with terms of 30 years and face values of $1,000. The going interest rate is 13% today. a. What are the prices of the two bonds at this time? Assume bond coupons are paid semiannually. Round PVFA and PVF values in intermediate calculations to four decimal places. Do not round other intermediate calculations. Round the answers to the nearest cent. Old: $ 685.30 New: $ 342.15 b. Discuss the result of part (a) in terms of risk in investing in bonds. The input in the box below will not be graded, but may be reviewed and considered by your instructor. The risk in investing in bonds are that bond 2 in