(Answered) Drowsey drones incs outstanding bonds have a 1000 par value

Finance

Drowsey Drones, Inc.'s outstanding bonds have a $1,000 par value, 8 year to maturity, have a 9% semiannual coupon, and a 8.5% YTM. What is the bond's price? How would the price change if there were 30 years left to maturity instead of 8? You must explain your answer and show your calculator inputs (Ex: N=?, I=?, PV=?,PMT=?,FV=?) to receive full credit.

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