Consider the following independent situations related to bond valuation:

- Electrobar Inc. offer bonds with a coupon payment of $55 annually and the market’s required rate of return is 9,4%. The face value of the bond is $550 and the bond matures in 7 years. What is the value of the bond?
- The corporation ABC is bringing new bonds on the market. The bonds provide a coupon payment of $65 semi annually. The market’s required rate of return is approximately 11%. The bond matures in 15 years and have a face value of $1,100.
- What is the value of the bond?
- What is the difference between the bond value and the face value?

- Lahey’s bonds have the following characteristics: $1,000 par value, 8% coupon rate, and 12 years to maturity,
- How much would you be willing to pay for this bond if your required return is 7%? Is this a discount or a premium price? Explain.
- Repeat (a) using a required rate of 10 %.

**P.S: we need the solution to include the calculation way and formulas (Text able to copy it, not as photos)**