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Virology Ltd bonds were issued 10 years ago with a coupon rate of 5% and a face value of $1000. Under current market conditions, the

Virology Ltd bonds were issued 10 years ago with a coupon rate of 5% and a face value of $1000. Under current market conditions, the market yield for these Virology Ltd bonds is 5.5%. There are currently exactly 8 years remaining until these bonds mature. Coupons are paid semi-annually and all interest rates are quoted as APRs with semi-annual compounding. What are the Virology Ltd bonds worth today?

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