Sell price =$ (keep 2 decimal places) Sell price =$ (keep 2 decimal places)

Suppose Ford sold an issue of bonds with a 1 6-year maturity, a S 1 200 par value, a 10% coupon rate, and semiannual interest payments. Please use the factor formulae to solve the questions below: (a) Two years after the bonds were issued (after the 4ggupon amount payments), the going rate of interest on bonds such as these fell to 7%. At what price would the bonds sell? Sell price = S (keep 2 decimal places) (b) Suppose that, two years after the bonds' issue (after the 4ggupon amount payments), the going interest rate had risen to 14%. At what price would the bonds sell? Sell price = S (keep 2 decimal places)