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Question I am stuck! Please show work if possible Bond Valuation 01 GRX company has a 5 year maturity with a face value of $1000

Question I am stuck! Please show work if possible

  1. Bond Valuation 01

GRX company has a 5 year maturity with a face value of $1000 and coupon rate is 2.4% per year. The coupon is paid semi-annually. The yield to maturity is 3.5% per year. What is the value of this bond? (Hint: since the cash flows are semi-annual, you need to adjust every input accordingly when you use time value of money formulas.)

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