Question: Important: Please type the number without the comma sign. Keep 2 decimal places. A friend of yours just invested in an outstanding bond with a

Important: Please type the number without the comma sign. Keep 2

Important: Please type the number without the comma sign. Keep 2 decimal places. A friend of yours just invested in an outstanding bond with a 8% annual coupon and a remaining maturity of 10 years. The bond has a par value of $1,000 and the market interest rate is currently 10%. How much did your friend pay for the bond? N=10 I/Y= % PMT=$ FV=$ PV= $

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