Calculate the value of a bond with a par value of $1 000, 10% coupon rate, 10 years to maturity and a yield to maturity of 10%. Assume coupons are paid semi-annually.

Calculate the value of a bond with a par value of $1 000, 10% coupon rate, 10 years to maturity and a yield to maturity of 10%. Assume coupons are paid semi-annually. [13]