311 > Chapter 7 Valuing Bonds ts Problem 3 ments Intro A corporate bond has 16 years to maturity, a face value of $1,000, a coupon rate of 5.3% and pays interest twice a year. The annual market interest rate for similar bonds is 3.1%. WE Attempt 1/2 for 10 pts. Part 1 What is the value of the bond (in $)? 0+ decimals Submit -174Broblem