Question: 1. value: 16.66 points Problem 7-3 Valuing Bonds [LO2] Even though most corporate bonds in the United States make coupon payments semiannualy, bonds issued elsewhere

1. value: 16.66 points Problem 7-3 Valuing Bonds [LO2] Even though most corporate bonds in the United States make coupon payments semiannualy, bonds issued elsewhere often have annual coupon payments. Suppose a German company par value of 1,000, 10 years to maturity, and a coupon rate of 8 percent paid annually If the yield to maturity is 7.1 percent, what is the current price of the bond? (Do not rougd intermediate calculations and round your answer to 2 decimal places, e.g,32.16) Price Hints References eBook&Resources Hint#1 Hint #2 Check my work

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