WLS had a decision to make regarding how to pay for that new equipment. They decided NOT to

try to sell more common stock, opting instead to sell bonds. Their bonds sold for $($face$/$maturity

value$)$ $$1\mathrm{.}000.$ They have a maturity of $20$ years. The coupon on the bonds was $6\%.$ Let$$s say you

bought a WLS bond when it was issued in $2018.$ Three years later you sell your WLS bond in the

secondary market. You find that similar bonds now are carrying $4\%$ coupon. If that$$s the case

what what should be the value your WLS now in $2021?$ Show the formula and the work