You bought a bond of firm, whose face value is $1000, which means that the firm borrowed $1000 from you. Suppose the firm would pay you an annual interest equal to 3% of the face value of the bond at the end of each year. The bond matures in 20 years. The discount rate is 6.8% Find the the PV of the interests to be received for this bond. Note: In the real world, the interests of bonds are usually paid semi-annually. The purchase price of the bond is not necessarily $1000. When the bond matures, the firm will also return the $1000 of principal to you. These are not our concern here, but it's nice to know