What is the value of a

bond that has a face

value of $1,000, a

coupon interest rate

of $80 (every year),

and a maturity date

of 11 years? Assume

a required rate of

return of 11%, and

round your answer to

the nearest $10.

to.

320 dollars

b.

500 dollars

C

810 dollars

d

790 dollars