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bond X is noncalloble and has 20 years to maturity, an 5$ annual coupon, and a $1,000 par value. Your required retum on Bond X

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bond X is noncalloble and has 20 years to maturity, an 5$ annual coupon, and a $1,000 par value. Your required retum on Bond X is 9%; if you buy it, you plan to hold it for 5 years. (Pine, You wal need to kow how much the bond wat be north at the end of 5 yaus,) 00 not round intermediate calculations. Round your answer to the nearest cent. 5

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