Question: Mr. Bond is considering purchasing a bond with 8-year maturity and $1,000 face value. The coupon interest rate is 8% and the interest is paid

Mr. Bond is considering purchasing a bond with 8-year maturity and $1,000 face value. The coupon interest rate is 8% and the interest is paid annually. If Mr. Bond requires 10% yield to maturity on the investment, then the price of the bond is: (Using the TVM_SOLVER)

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