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Walid buys a $1000 bond with 5% semiannual coupons maturing in 8 years at a price of 949.66. Find the redemption value of this bond

Walid buys a $1000 bond with 5% semiannual coupons maturing in 8 years at a price of 949.66. Find the redemption value of this bond if the yield rate on this investment is 6% compounded semiannually. Possible Answers A 828 B 1019 1020 D 1030 E 1035

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