What is the present value of a $1000-payment, 100-year ordinary annuity if the interest rate is 7% per year? What is the present value of a $50-payment, 50-year annuity due if the interEven though most corporate bonds in the US make coupon payments semiannually, bonds issued elsewhere often have annual coupon payments. Suppose a German company issues a bond with a par value of €1,000, 10 years. To maturity, and a coupon rate of 6.4 percent paid annually. If the yield to maturity is 7.5 percent, what is the current price of the bond? ( do not round intermediate calculations and round your answer to 2 decimal places)est rate is 16% per year?