One of the bond issues outstanding by H&W Ltd has an annual-pay coupon of 5.625% plus a par value of $1000 at maturity. This bond has a remaining maturity of 23 years. The required rate of return on...

One of the bond issues outstanding by H&W Ltd has an annual-pay coupon of 5.625%

plus a par value of $1000 at maturity. This bond has a remaining maturity of 23 years. The

required rate of return on securities of similar-risk grade is 6.76%. What is the value of this