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Knight, Inc, has issued a three-year bond that pays a coupon rate of 6.1 percent. Coupon payments are made semiannually. Given the market rate of

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Knight, Inc, has issued a three-year bond that pays a coupon rate of 6.1 percent. Coupon payments are made semiannually. Given the market rate of interest of 5.8 percent, what is the market value of the bond? (Round answer to 2 decimal places, e.g. 15.25.) Market value Click if you would like to Show Work for this question: Open Show Work

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