Calculate the fair present values of the following bonds, all of which pay interest semiannually, have a face value of $1,000, have 4 years remaining to maturity, and have a required rate of return of 14 percent.
a. The bond has a 8.8 percent coupon rate. (Do not round intermediate calculations. Round your answer to 2 decimal places. (e.g., 32.16)) Fair present value ? $
b. The bond has a 10.8 percent coupon rate. (Do not round intermediate calculations. Round your answer to 2 decimal places. (e.g., 32.16)) Fair present value ? $
c. The bond has a 14 percent coupon rate. (Do not round intermediate calculations.) Fair present value ? $