(Answered) Bright sun sold an issue of 30 year 1000 dollar par value

Finance

Bright sun sold an issue of 30 year 1,000 dollar par value bonds to the public. The bonds had a 14.38% coupon rate and paid interest annually. It is now 15 years later. The current market rate of interest on the bright sun bonds is 11.08%. What is the current market price (intrinsic value) of the bonds?

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