Question: Suppose the US government is issuing a $1,000 PAR value coupon bond today. e This bond will mature in 25 years from today. e This

Suppose the US government is issuing a $1,000 PAR value coupon bond today. e This bond will mature in 25 years from today. e This Bond's annual coupon rate is 6%. Coupons are paid 2 time(s) in a year. e The investors expect 5% annual return on this bond. How much is the present value of the Bond's PAR (also known as the face value or principal)? Enter your answer in the following format: 123.45 Hint: Answer is between 261.85 and 317.13

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