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Question 4 ( 5 points) You learned that XYZ, Inc. has a bond with $1,000 face value. The bond carries a 6% coupon, paid semiannually,

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Question 4 ( 5 points) You learned that XYZ, Inc. has a bond with $1,000 face value. The bond carries a 6% coupon, paid semiannually, and matures in 13 years. What is the fair market value of the bond if the yield to maturity is only 7% ? (Round your answer to the nearest hundredth; two decimal places) Your

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