g A Disney Corporation Bond with a $1,000 par value has a 10% annual coupon that pays $50 every 6 months. There are eight years (16, 6 month periods) before maturity and Disney will pay $50 each of those 16 periods plus it will pay back the $1,000 principal at maturity. The prevailing market rate for this bond has gone down from 10% to 8% annually (4% every six months). What is the value of the bond given this lower rate environment
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