Western Digital has issued a bond with a par value of $1,000 each and a 5.25% per year coupon. The bonds mature in 8 years and pay interest annually. What is the current value of the bond if the market interest rate is 6.0%? Q2. Find the present value of a 5-year zero-coupon bond with a $2,000 par value. Assume the annual market interest rate is 10%. Q3. A $1,000 face value bond has a 12.0% coupon and pays interest annually. The bond matures in 4 years, and the annual market interest is 3%. What is the Macaulay duration?