QUESTION 1 Eighteen years ago a firm issued $1000 par value bonds with a 6% annual coupon rate and a term to maturity of 30 years. Market interest rates have increased since then and par value bonds today would carry an annual coupon rate of 8% (current yield to maturity). What would these bonds sell for today if they made annual coupon payments? $774.84 $1,167.68 $849.28 $1,275.30 QUESTION 2 If the bond described in Q1 makes semiannual coupon payment, what is the price of the bond today? $773.77 $1,169.38 $1,304.94 $847.53