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Please show work using no exponets: In 2 0 1 3 Disney Cruise Line decided to sell some new bonds ( something about fixing a

Please show work using no exponets:
In 2013 Disney Cruise Line decided to sell some new bonds (something about fixing a big ship). They sold the bonds for $1,000(face value) with a 20 year maturity and an 8% coupon. Two years have passed. Interest rates on similar bonds have declined to 5%. If an owner attempts to sell her/his Carnival bond bought for $1,000 in 2013, what should they expect to receive for it in the secondary market?
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