Question: Qu. 4 poin: CLI has a $1,000 par value, 30-year bond that was issued 20 years ago at an annual coupon rate of 8%, paid

Qu. 4 poin: CLI has a $1,000 par value, 30-year bond

Qu. 4 poin: CLI has a $1,000 par value, 30-year bond that was issued 20 years ago at an annual coupon rate of 8%, paid semiannually. Market rates on similar bonds are 7%. Calculate the bond's price. $1,213.19 O $1,374.17 $788.12 O $1,071.06 $956.42

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