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A bond is to be purchased today and is offered at a price of $900. The bond has a face value of $1,000. That

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A bond is to be purchased today and is offered at a price of $900. The bond has a face value of $1,000. That is, at maturation, the bond holder will receive face value from the issuer. The bond pays 1.5% of its face value every quarter as coupon payment (regular revenue), with next payment due a month from now. There are 20 coupon payments left till maturation. Assuming that MARR is 5% and compounding is monthly, calculate the NPW of this bond (that is, if the investor purchases this bond and receives all the coupon payments plus face value at the end till maturation).

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