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An investor purchases a 5-year, $1.000 par value bond that pays semiannual interest of $40. If the semiannual market rate of interest is 5%, what

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An investor purchases a 5-year, $1.000 par value bond that pays semiannual interest of $40. If the semiannual market rate of interest is 5%, what is the current market value of the bond? (EV. of $1. PV of SI EVA of S1. PVA of $1. EVAD of $1 and PVAD of 51) (Use appropriate factor(s) from the tables provided.) Multiple Choice $1,309 5923 $968 O $1000

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