Question: Please provide a solution using the Excel Finance function: Sandy's Corporation has issued bonds which have a 9.87% coupon rate, payable semi-annually. The 20-year bonds

Please provide a solution using the Excel Finance function:

Sandy's Corporation has issued bonds which have a 9.87% coupon rate, payable semi-annually. The 20-year bonds were issued 6 years ago, and have a face value of $1,000. The yield to maturity is 7.65%. What is the perceived value of the bonds?

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