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A Harrah's Entertainment Inc. 9 7/8 percent bond matures in ten years. [NOTE: coupon rates are quoted a fractions, this is 9.875%]. Assume that the...

A Harrah's Entertainment Inc. 9 7/8 percent bond matures in ten years. [NOTE: coupon rates are quoted a fractions, this is 9.875%]. Assume that the interest on these bonds is paid annually. Determine the value of a $1,000 denomination Harrah's bond as of today if the required rate of return (required YTM) is 7 percent. Show what put in financial caluclator

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