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Katie Ledecky has been offered a 20-year bond issued by Barone, Inc., at a price of $990. The bond has a coupon rate of 9

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Katie Ledecky has been offered a 20-year bond issued by Barone, Inc., at a price of $990. The bond has a coupon rate of 9 percent and pays the coupon semiannually. Similar bonds in the market will yield 8 percent today. What is the value of the bond? (Do not round intermediate computations. Round your final answer to the nearest dollar) The value of the bond is $774. The value of the bond is $914. The value of the bond is $1,099. The value of the bond is $990, the same as the market price

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