1. The Sampson Company issued a $1,000 bond 5 years ago with an initial term of 25 years and a coupon rate of 6%. The required rate of return on the bond is 10%. What is the price if the bonds interest is paid annually? Identify all the variables just like what you saw in the video and provide the answer (i.e., PV).

PV=?

FV=

PMT=

I/Y (Rate)=

N=

*Please dont use excel to show answer