Allison bought a bond when it was issued by ABC Corporation $20$ years ago. The bond, which has a

$$1,000$ face value and a coupon rate equal to $10$ percent, matures in eight years. Interest is paid every six

months; the next interest payment is scheduled for six months from today. If the yield on similar risk

investments is $8$ percent, what should be the current market value $($price$)$ of the bond? $(5$ points$)$

$=28=16$