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Ivanhoe inc. has seven-year bonds outstanding that pay a 14 percent coupon rate. Inwestors buying these bonds today can expect to earn a vield to

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Ivanhoe inc. has seven-year bonds outstanding that pay a 14 percent coupon rate. Inwestors buying these bonds today can expect to earn a vield to maturity of 7.45 percent. What is the current value of these bonds? Assume annual coupon payments and face value is \$1.000, (Round answer to 2 decimal places, es: 15.25. Current value 5

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