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The Didn'tKnowFinanceWasSoFun Company issued a $1,000 par value, 4.5% coupon, 8 year bond. The interest is paid semiannually and the market is currently requiring 6%

The Didn'tKnowFinanceWasSoFun Company issued a $1,000 par value, 4.5% coupon, 8 year bond. The interest is paid semiannually and the market is currently requiring 6% on this risk level bond. What is the current value of the bond? SHOW ALL WORK FOR FULL CREDIT using either the MyLab or TI BAII Plus calculator.

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