Compute the price of a 1 000 par value 20 percent, Financial Management

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Compute the price of a 1 000 par value 20 percent

Compute the price of a $1, 000 par value, 20 percent (semi-annual payment) coupon bond with 11 years remaining until maturity assuming that the bond's yield to maturity is 12 percent? (Round your answer to 2 decimal places and record your answer without dollar sign or commas).

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Financial Management: Compute the price of a 1 000 par value 20 percent

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Financial Management: Compute the price of a 1 000 par value 20 percent

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