Anjelkovic-148 is a new fragrance, guaranteed to attract the opposite sex and is the proud new invention

of Bombastic Lova Lova Corporation. To obtain financing Bombastic Lova Lova Corporation has issued a

bond that bears a coupon rate of 8 percent per annum and has a par value of $30,000. Interest payments are

made semi-annually. The required yield to maturity is 16%. The bond matures in ten years. Calculate the

price of the bond.