Bond Valuation with Semiannual Payments Renfro Rentals has issued bonds that have a 12% coupon rate, payable semiannually. The bonds mature in 13 years, have a face value of $1,000, and a yield to maturity of 9%. What is the price of the bonds? Round your answer to the nearest cent. Free Cash Flows (All dollar values are provided in millions.) Income Statements: Sales Operating costs excluding depreciation Depreciation and amortization Earnings before interest and taxes \begin{tabular}{|rrr|} \hline \multicolumn{1}{r|}{2018} & & \multicolumn{1}{|c|}{2017} \\ \hline$9,200.0 & & $8,000.0 \\ \hline 7,590.0 & & 6,800.0 \\ \hline 280.0 & & 224.0 \\ \hline$1,330.0 & & $976.0 \\ \hline 197.8 & & 172.0 \\ \hline$1,132.2 & & $804.0 \\ \hline 452.9 & & 321.6 \\ \hline$679.3 & $482.4 \\ \hline \end{tabular} vepreciation and amorization Earnings before interest and taxes Less interest Pre-tax income Taxes Net income available to common stockholders Common dividends Balance Sheets: \begin{tabular}{rrr} \multicolumn{1}{r|}{2018} & \multicolumn{1}{c}{2017} \\ \cline { 3 } & & \\ \hline$96.8 & & $88.0 \\ \hline 46.0 & & 40.0 \\ \hline 920.0 & & 800.0 \\ \hline 1,848.0 & & 1,680.0 \\ \hline$2,910.8 & & $2,608.0 \\ \hline 2,800.0 & & 2,240.0 \\ \hline$5,710.8 & $4,848.0 \\ \hline \hline \end{tabular} Liabilities and Equity 4 Accounts payable 5 Accruals Notes payable Total current liabilities Long-term debt Total liabilities \begin{tabular}{r|r|} \hline$528.0 & $480.0 \\ \hline 528.0 & 480.0 \\ \hline 184.0 & 160.0 \\ \hline$1,240.0 & $1,120.0 \\ \hline 1,840.0 & 1,600.0 \\ \hline$3,080.0 & $2,720.0 \\ \hline 2,418.1 & 1,983.3 \\ \hline 212.7 & 144.7 \\ \hline$2,630.8 & $2,128.0 \\ \hline$5,710.8 & $4,848.0 \\ \hline \hline \end{tabular}