Suppose the Xanth Co. were to issue a bond. The bond has a 10 percent coupon rate and a $1,000 face value. Interest is paid semiannually, and the bond has 10 years to maturity. If investors require a 12 percent yield, what is the bonds value? (if you have problems with calculations, you could just show how you plan to calculate it, like cash ratio = cash / current liabilities = 24046 / 46755 = ? )