Calculate the bond price (market price) for the following situation: Debt: The book value of the bond reported in the balance sheet is $8 million. The bond was issued 6 years ago. This is a corporate 20-year bond that was issue with an embedded cost of 10 percent and a yield to maturity of 10% then. Today the yield to maturity (YTM) is 7%. Round to the nearest dollar, use commas to separate thousands, and do not use the dollar ($) sign. To use TVM formulas excel file. Click here