GROUPS RESOURCES GRADES Fall 2020: Section Testsquizzes signment 3 (Click here to do it.) tinu submissions until Sunday, December 6, 2020 at 11:00 pm Show instructions Question 6 of 18 Page 6 of 1 Question 6 points) A firm has outstanding a $1,000 par-value bond with an 8% annual coupon rate. The bond has 12 years remaining to maturity and the interest is paid annually. The bond's yield to maturity is 10%. What is the value of the bond? (Hint: The formula and example to calculate the value of the bond can be found at "Chapter 6 Bond Valuation by Formula Excel Syntax, and Financial/Graphing Calculator" PDF file, posted on Schoology) 3 55,000 $545 51,151 5854 d Next Page Back Support | Schoology Blog | PRIVACY POLICY | Term 30 a DD . 888 14 ga FT FS FR BV * $ # 3 % 5 & 7 4 6 8 9 0 C D T V 11 C