Dont just report the answers. Show either Excel formula (or financial calculator) with number inputs or step by step solution using mathematical formula (where applicable).

. (10 points) Suppose, you purchased a bond one year ago that now has 19 years remaining until maturity. The bond ($1000 par value) pays a coupon rate of interest of 11% per year semiannually. At the time you purchased the bond, the yield to maturity was 10%. How much did you pay for this bond one year ago?