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An investor purchases a 8-year, $1,000 par value bond that pays semiannual interest of $16. If the semiannual market rate of interest is 9%, what

An investor purchases a 8-year, $1,000 par value bond that pays semiannual interest of $16. If the semiannual market rate of interest is 9%, what is the current market value of the bond? (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Multiple Choice O O 418 O O 385 O 1,000 o O 1,133

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