Reynolds Corp. has outstanding bonds with 10 years to maturity and a 12% coupon. If the face value of each bond is $1,000 and interest rates in the economy are 5%, what is the bond's current price? $706.57$1,484.79$1,540.52$2,191.72 XYZ Corp just issued a 10-year, 7% coupon bond. The par value of the bond is $1,000 and the bond makes semiannual coupon payments. If interest rates are 10%, what is the bond's price? $815.66 $1,000 $813.07 $1,035.27