Question: NEED ANSWER ASAP!! Apple issued a 30-year bond in 2011 with a coupon rate of 5.94 percent. Face value of the bond is $1,000 and

NEED ANSWER ASAP!!

Apple issued a 30-year bond in 2011 with a coupon rate of 5.94 percent. Face value of the bond is $1,000 and interest lanald annully. Based on the risk of the bond, investors require 7 percent return (RRR) on the bond. Compute the value of the bond today (8 pts) (Hint: Determine the time remaining to maturity first)

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