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What is the value or price today of a bond with 11 years to maturity, a coupon rate of 8.40%, a required rate of return
What is the value or price today of a bond with 11 years to maturity, a coupon rate of 8.40%, a required rate of return by bond investors of 11.80%, and a par value of $1,000 ? Assume semi -annual coupon payments . a [Enter your answer showing two decimal places (e.g. [19.99) . Do not enter a dollar sign or other symbol, other than a decimal place (.symbol .]
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