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On 31 December 20X0, 008Corporation issues a bond with a three year maturity and a...

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Accounting

On 31 December 20X0, 008Corporation issues a bond with a three year maturity and a principal of $1,000. The coupon rate is 10% per annum. The current market rate on similar bonds is 12%. What is the present value of the bond on 31 December 20x0?

Note: For numeric responses, please do not use symbols/signs such as $ or ,. If you use such symbols your answers will be marked wrong even if they are correct. Please round to the nearest whole number. For example 5000 is fine, but $5000, $5,000,or 5,000.17 are not.

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