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You are considering the purchase of a $1,000 par value bond with a coupon rate of 4.8% (with interest paid semiannually) that matures in 12

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You are considering the purchase of a $1,000 par value bond with a coupon rate of 4.8% (with interest paid semiannually) that matures in 12 years, if the bond is priced to yield 8%. What is the bond's current price? The bond's current price is s (Round to the nearest cent) You are considering the purchase of a $1,000 par value bond with a coupon rate of 4.8% (with interest paid semiannually) that matures in 12 years, if the bond is priced to yield 8%. What is the bond's current price? The bond's current price is s (Round to the nearest cent)

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