1. Consider a bond with the following characteristics:If the annual required rate of return is 6%, what is the bonds fair present value? (to the nearest dollar)

a. $1,045

b. $1,085

c. $1,427

d. $919

2. Consider a bond having: If the "required rate of return" is 10%, what is the bonds fair present value? (to the nearest dollar)

a. $903

b. $1,104

c. $1,054

d. $1,162

3. Today, Maureen purchased a coupon bond for $1,020. It has a face value of $1,000, an 8% coupon rate (with coupons paid just once per year), and a maturity of 4 years. Maureen plans to hold the bond for just one year and then sell it;and she expects to sell at a price of $1,060. What is Maureens’ expected rate of return? (to the nearest hundredth of a percent)

a. 3.92%

b. 7.80%

c. 8.00%

d. 14.00%

Please show the process