As with most bonds, consider a bond with a face value of $1,000. The bond's maturity is 7 years, the coupon rate is 8% paid semiannually, and the market yield (discount rate) is 8%.
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
