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Cold Boxes Ltd. has 1 bond outstanding (Maturity Value = $1,000). The yield to maturity/market rate on this bond is currently 10 percent, has a

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Cold Boxes Ltd. has 1 bond outstanding (Maturity Value = $1,000). The yield to maturity/market rate on this bond is currently 10 percent, has a coupon rate of 4% annually and interest is paid semiannually. The bond matures in 5 years. What is the present value (Price) of the bond? (Hint: keep your calculator at 1 payment per year) O $ 1,322.46 O $ 20.00 O $ 768.35 None of these selections are correct O $ 1,000.00

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