Question: A $1,000, 5.3% coupon bond has 19 years remaining until maturity. Calculate the bond discount if the required return in the bond market is 6.4%

A $1,000, 5.3% coupon bond has 19 years remaining until maturity. Calculate the bond discount if the required return in the bond market is 6.4% compounded semiannually. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Bond discount $

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