1. Suppose Hillard Manufacturing issued bonds with a 10-year maturity, a $1,000 par value, a 8% coupon rate with semiannual interest payments.
   1. Two years after the bonds were issued, the going rate of interest on bonds such as these fell to 5%. At what price would the bonds sell?
   2. Suppose that, 2 years after the initial offering, the going interest rate had risen to 10%. At what price would the bonds sell?