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4 years ago Skysong Corporation issued 20-year bonds that had a $800 face value, paid...

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Finance

4 years ago Skysong Corporation issued 20-year bonds that
had a $800 face value, paid interest semi-annually, and had
a coupon rate of 5%. If the market rate of interest is 8.5%
today, what is the current market price of an Skysong
Corporation bond? (Please retain at least 4 decimal places
in your calculations and at least 2 decimal places in the final
answer)
The current market price of an Skysong Corporation bond is

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