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Intro Lomack Company's bonds have a 9-year maturity, a 8% coupon, paid semiannually, and a par value of $1,000. The market interest rate is 7%,

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Intro Lomack Company's bonds have a 9-year maturity, a 8% coupon, paid semiannually, and a par value of $1,000. The market interest rate is 7%, with semiannual compounding. BAttempt 1/6 for 5 pts. Part 1 What is the bond's value (in $)? 0+ decimals Submit

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