MTV Corporation has 10 percent coupon bonds on the market with a par of $1,000 and 8 years left to maturity. The bonds make semi-annual interest payments. If the market interest rate on these bonds is 8 percent, what is the current bond price? Assume that the interest rate on a semi-annual bond is compounded semi-annually. Coupon (C) Par Vakue (F) ond = PV(Coupon Payments )+ PV ( Par Valuo ) = Coupon Payment =mCoupwsRate Par Value m is the number of coupon payments in one year. sem-anunally Pn=C[i1(1+i)n1]+(1+i)nF