1. Calculate the value of a bond that will mature in 19 years and has a ?$1,000 face value. The annual coupon interest rate is 11 ?percent, and the? investor's required rate of return is 12 percent.
2. Hamilton, Inc. bonds have a coupon rate of 12 percent. The interest is paid? semiannually, and the bonds mature in 15 years. Their par value is 1,000. If your required rate of return is 11 percent, what is the value of the? bond? What is the value if the interest is paid? annually?