Bond

valuationlong dashQuarterly

interest Calculate the value of a

$1 comma 0001,000 -par-value

bond paying quarterly interest at an annual coupon interest rate of

1111 %

and having

88

years until maturity if the required return on similar-risk bonds is currently a

1414 %

annual rate paid

quarterly.

Bond

valuationlong dashQuarterly

interest Calculate the value of a

$1 comma 0001,000 -par-value

bond paying quarterly interest at an annual coupon interest rate of

1111 %

and having

88

years until maturity if the required return on similar-risk bonds is currently a

1414 %

annual rate paid

quarterly.

The present value of the bond is $ ??