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Ailerone, Inc. has issued a bond with the following characteristics: Par Value 1,000 Settlement date 1/1/2000 Maturity date 1/1/2015 Annual coupon rate12.00% Coupons per year

Ailerone, Inc. has issued a bond with the following characteristics:

Par Value 1,000

Settlement date 1/1/2000

Maturity date 1/1/2015

Annual coupon rate12.00%

Coupons per year 2

Yield to maturity 12%

What is the price of the bond?

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