An investor has two bonds in his portfolio that both have a face value of $1,000 and pay a 9% annual coupon. Bond L matures in 14 years, while Bond S matures in 1 year.

Assume that there is only one more interest payment to be made on Bond S, at its maturity, and 14 more payments on Bond L.

a. What will the value of the Bond L be if the going interest rate is 6%? Round your answer to two decimal places at the end of the calculations._________

b. What will the value of the Bond S be if the going interest rate is 6%? Round your answer to two decimal places at the end of the calculations._________

c. What will the value of the Bond L be if the going interest rate is 9%? Round your answer to two decimal places at the end of the calculations. _________

d. What will the value of the Bond S be if the going interest rate is 9%? Round your answer to two decimal places at the end of the calculations.__________

e. What will the value of the Bond L be if the going interest rate is 13%? Round your answer to two decimal places at the end of the calculations.__________

f. What will the value of the Bond S be if the going interest rate is 13%? Round your answer to two decimal places at the end of the calculations.___________