Question: Question: Question 4 0.5 Pts A Bond Matures In 6 Years, Has A Coupon Rate Of 8% And You Require A Return Of Of 11%

Question: Question 4 0.5 Pts A Bond Matures In 6 Years, Has A Coupon Rate Of 8% And You Require A Return Of Of 11% To Purchase This Bond. D Question 4 0.5 pts A bond matures in 6 years, has

D Question 4 0.5 pts A bond matures in 6 years, has a coupon rate of 8% and you require a return of of 11% to purchase this bond. The par value of the bond is $1,000. What is the present value of the bond's coupon payments? Round your answer to 2 decimals places, for example $100.12.

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