Question 1: (a) Calculate the value of a bond that matures in 16 years and has a $1000 par value. The annual coupon interest rate is 8 percent and the markets required yield to maturity on a comparable-risk bond is 11 percent. What is the value of the bond? $

(b) A bond that matures in 19 years has a $1,000 par value. The annual coupon interest rate is 12 percent and the market's required yield to maturity on a comparible-risk bond is 16 percent. What would be the value of this bond if it paid interest annually? What would be the value of this bond if it paid interest semiannually?

Can someone help me answer these questions?