Question 7: 10 years ago, Microsoft issued $1,000 par value bonds with a $60 coupon paid every six months and a 20-year maturity. This means the original issue yield was 12% (($60 * 2) / $1,000 = .12 or 12%). You bought 100 of these bonds at issue for $100,000. Now, you are considering selling the bonds as you could use the cash to purchase a new home. Interest rates on similar maturity and credit risk debt are now at 7%. What is the Microsoft bond worth now