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Planning #8 (similar to): Bond Valuation Question Help Bond Valuation. Mark has a Treasury bond with a par value of $20,000 and a coupon rate

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Planning #8 (similar to): Bond Valuation Question Help Bond Valuation. Mark has a Treasury bond with a par value of $20,000 and a coupon rate of 7%. The bond has 11 years to maturity. Mark needs to sell the bond and new bonds are currently carrying coupon rates of 5%. At what price should Mark sell the bond? The price Mark should sell the bond at is $ (Round to the nearest cent)

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