2. The bonds issued by AlKhobar Jewelers bear a 7 percent coupon (rate), payable semiannually. The bonds mature in 8 years and 6 months, and have a $1,000 face value. If the required rate of return is 9 percent, What is the bond price? (Solve it with your calculator)

2. The bonds issued by AlKhobar Jewelers bear a 7 percent coupon (rate), payable semiannually. The bonds mature in 8 years and 6 months, and have a $1.000 face value. If the required rate of return is 9 percent, What is the bond price? (Solve it with your calculator) 1