Bond Return Calculations Your Big Brother Bought You A $1,000 Par Value Bond With Six (6) Years Remaining To Maturity. Its?

Your big brother bought you a $1,000 par value bond with six (6) years remaining to maturity. Its? - bond return calculations

a) His older brother bought a 1,000 $-bond with a face value of six (6) year maturity. Be
annual coupon rate is 5% and pays interest every six months. Whether similar obligations are required rate
7%, what is the price of the bond market? (4 points)
b) Discuss the Party - not calculation:
What is the value of the bond will be affected if the coupon bonds was 7% instead of 5% and
Why? (1 mark)