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Problem 3 - 1 1 ( LG 3 - 5 ) Calculate the fair present values of the following bonds, all of which pay interest

Problem 3-11(LG 3-5)
Calculate the fair present values of the following bonds, all of which pay interest semiannually, have a face value of $1,000, have 8 years remaining to maturity, and have a required rate of return of 14.5 percent.
a. The bond has a 6.8 percent coupon rate. (Do not round intermediate calculations. Round your answer to 2 decimal places. (e.g.,32.16))
b. The bond has a 8.8 percent coupon rate. (Do not round intermediate calculations. Round your answer to 2 decimal places. (e.g.,32.16))
c. The bond has a 14.5 percent coupon rate. (Do not round intermediate calculations.)
\table[[,Amount],[a.,Fair present value,],[b.,Fair present value,],[c.,Fair present value,]]
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