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12) One year ago, Geneva Healthcare Ltd issued 10-year, 14% annual coupon bonds at their par value of $1,000. Today, the market interest rate on
12) One year ago, Geneva Healthcare Ltd issued 10-year, 14% annual coupon bonds at their par value of $1,000. Today, the market interest rate on these bonds is 14.9%. What is the current price of the bonds today? Please round your answer to the nearest cent but exclude the $ and comma (,) sign when typing your answer. e.g. $1,299.99 should be shown as 1299.99
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