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  3. as with most bonds, consider a bond with a face va

As with most bonds, consider a bond with a face value of $1,000. The bond's...

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Finance

As with most bonds, consider a bond with a face value of $1,000. The bond's maturity is 26 years, the coupon rate is 11% paid semiannually, and the market yield (discount rate) is 11%

What is the estimated value of this bond today?

Enter your answer in terms of dollars and cents, rounded to 2 decimals, and without the dollar sign. That means, for example, that if your answer is $127.5678, you must enter 127.57

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