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Briar Corp is issuing a 11-year bond with a coupon rate of 74 percent. The interest rate for similar bonds is currently 123 percent. Assuming

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Briar Corp is issuing a 11-year bond with a coupon rate of 74 percent. The interest rate for similar bonds is currently 123 percent. Assuming annual payments, what is the present value of the bond? And this bond is selling at Do not round intermediate computations. Round your final answer to the nearest dollar) $713, discount O 51,045, discount $1.045, premium 5713, premium

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