The Garcia Company's bonds have a face value of $1,000, will mature in 10 years, and carry a coupon rate of 16.7 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 of return is 16.7 percent. (Round final answer to nearest dollar amount) Present value $ 1000 (b) How would your answer change if the required rate of return is 11.2 percent? (Round final answer to nearest dollar amount.) Present value $ e Textbook and Media Save for later Attempts: 0 of 2 used Submit