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3-Leaf Company is about to issue a bond with semiannual coupon payments, an annual coupon rate of 12%, and par value of $1,000. The yield

3-Leaf Company is about to issue a bond with semiannual coupon payments, an annual coupon rate of 12%, and par value of $1,000. The yield to maturity, for this bond is 11%. a. What is the price of the bond if it matures in 5 years? a. What is the price of the bond if it matures in 5 years? (Round to the nearest cent.)

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