Question: Question 3 (1 point) A company's bonds have a face value of $1,000. The bonds carry a 5% coupon, pay interest semiannually, and mature in

 Question 3 (1 point) A company's bonds have a face value

Question 3 (1 point) A company's bonds have a face value of $1,000. The bonds carry a 5% coupon, pay interest semiannually, and mature in 8 years. What is the current value of these bonds if the yield to maturity is 8.9% ? Round to the nearest penny

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