Edit question What is the market price of a $1,000, 8 percent bond (paying interest semi-annually) if comparable market interest rates drop to 6 percent and the bond matures in 15 years? Interest Rate Per Period x Bond Face Value = Interest Payments PV Annuity Factor x Interest Payments = PV of Interest Payments * PV of $1 x Bond Face Value = PV Bond Face Value * PV of Interest Payments + PV Bond Face Value = Bond Market Price (The answer)

please include math