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sixteen years ago, national distributors issued 30-year bonds that have a face value of $1000 and a coupon rate of 8.55%. the bond pays coupons

sixteen years ago, national distributors issued 30-year bonds that have a face value of $1000 and a coupon rate of 8.55%. the bond pays coupons semiannually. the required return in the market is 7.48%.

1. What is the price today?

2. What is the formula you used

3. what is the value for the number of periods (t) used in the equation?

4. What is the value for interest rate used in the equation?

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