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4 years ago Skysong Corporation issued 20-year bonds that had a $800 face value, paid interest semi-annually, and had a coupon rate of 5%. If

4 years ago Skysong Corporation issued 20-year bonds that

had a $800 face value, paid interest semi-annually, and had

a coupon rate of 5%. If the market rate of interest is 8.5%

today, what is the current market price of an Skysong

Corporation bond? (Please retain at least 4 decimal places

in your calculations and at least 2 decimal places in the final

answer)

The current market price of an Skysong Corporation bond

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