Abe is considering buying a bond issued by Lexis Ltd that has a face value of $1,000 and a coupon rate of 5% pa. The coupons are paid semi-annually. The bond has 10 years to maturity and 4.5% pa yield. If Ali has $5,500 to invest, calculate the price of the bond (show answer correct to the nearer cent) and explain how many bonds Abe can buy.