Question (1) (6 Marks) You are considering the purchase of a $ 1,500 face value of bond that pays 12% coupon interest per year and with maturity of 10 years, calculate the present value of the bond if: a) The Required rate of return (rrr) is 10%. (2 marks) b) The Required rate of return (rrr) is 13%. (2 marks) What do your answers to part (A) and (B) say about the relation between the present value and face value. (2 marks)