Question: Question 4 ( 7 points ) Calculate the current price of a $ 1 , 0 0 0 par value bond that has a coupon

Question 4(7 points)
Calculate the current price of a $1,000 par value bond that has a coupon rate of 16. percent, pays coupon interest annually, has 29 years remaining to maturity, and has a current yield to maturity (discount rate) of 9 percent. (Round your answer to 2 decimal places and record without dollar s)gn or commas).
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Question 4(7 points) Calculate the current price of a $1,000 par

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