Find the value of bond maturing

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Reference no: EM131978384

Bond valuationlong dash—Semiannual interest.

Find the value of a bond maturing in 66 ?years, with a ?$1 comma 0001,000 par value and a coupon interest rate of 99?% ?(4.54.5?% paid? semiannually) if the required return on? similar-risk bonds is 1616?% annual interest left parenthesis 8 %(8% paid? semiannually). The present value of the bond is ?$nothing. ?(Round to the nearest? cent.)

Reference no: EM131978384

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