This question has two questions that are related in the subject same
manner.  Please answer both questions.  I need the answers on December
7 by 8:00am eastern time or else the information is useless.  So in
order for me to be satisfied I need the response by then.

1. A 6-year bond that pays 8 percent interest semiannually sells at
par ($1000).  Another 6-year bond of equal risk pays 8 percent
interest annually.  Both bonds are noncallable and have face values of
$1000.  What is the price of the bond that pays annual interest?

2.  A bond with 12 years to maturity has a 7 percent semianual coupon
and a face value of $1000.  (That is, the bond pays a $35 coupon every
six months.) The bond currently sells for $1000.  What should be the
price of a bond with the same risk and maturity that pays a 7 percent
annual coupon and has a face value of $1000?