Assume a 5?-year Treasury bond has a coupon rate of 4.5?%.
If this? bond's par value is ?$10,000 and the required rate is 6.0?%, the present value of the bond is ?$. (Round to the nearest? cent.)
If this? bond's par value is ?$10,000 and the required rate is 3.0?%, the present value of the bond is ?$. ?(Round to the nearest? cent.)