Given the following information, calculate the present value of the following bond that pays semi-annual coupons. Par value: $1,000. Coupon Rate: 7%. Interest Rate: 8%. Maturity: 7 years. Group of...

Given the following information, calculate the present value of the

following bond that pays semi-annual coupons. Par value: $1,000. Coupon Rate: 7%. Interest Rate: 8%. Maturity: 7 years. Group of answer choices$947$804$864$1,000$929