An investor has two bonds in his portfolio that have a face value of $1,000 and pay a 10% annual coupon. Bond L matures in 19 years, while Bond S matures in 1 year. Assume that only one more interest...

An investor has two bonds in his portfolio that have a face value of $1,000 and pay a 10% annual coupon. Bond L matures in 19 years, while Bond S matures in 1 year.

Assume that only one more interest payment is to be made on Bond S at its maturity and that 19 more payments are to be made on Bond L.

1. What will the value of the Bond L be if the going interest rate is 4%? Round your answer to the nearest cent.
   $
   
   
   
   What will the value of the Bond S be if the going interest rate is 4%? Round your answer to the nearest cent.
   $
   
   
   
   What will the value of the Bond L be if the going interest rate is 10%? Round your answer to the nearest cent.
   $
   
   
   
   What will the value of the Bond S be if the going interest rate is 10%? Round your answer to the nearest cent.
   $
   
   
   
   What will the value of the Bond L be if the going interest rate is 12%? Round your answer to the nearest cent.
   $
   
   
   
   What will the value of the Bond S be if the going interest rate is 12%? Round your answer to the nearest cent