Question 11 The Garcia Company's bonds have a face value of $1,000, will mature in 10 years, and carry a coupon rate of 17.6 percent. Assume interest payments are made semiannually. (a) Your answer is correct. Determine the present value of the bond's cash flows if the required rate return is 17.6 percent. (Round factor value calculations to 5 decimal places, e.g. 0.52755. Round other intermediate calculations to 2 decimal places, e.g. 52.75. Round final answer to nearest dollar amount.) Present value 1000 LINK TO TEXT Attempts: 1 of 2 used (b) How would your answer change if the required rate of return is 11.9 percent? (Round factor value calculations to 5 decimal places, e.g. 0.52755. Round other intermediate calculations to 2 decimal places, e.g. 52.75. Round final answer to nearest dollar amount.) Present value $