ar value, 7 percent (semi-annual payment) coupon bond with 22 years remaining until maturity assuming that the bond’s yield to maturity is 18 percent?…
Compute the price of a $1,000 par value, 7 percent (semi-annual payment) coupon bond with 22 years remaining until maturity assuming that the bond’s yield to maturity is 18 percent? (Round your answer to 2 decimal places and record your answer without dollar sign or commas).