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Freiburg Faucets Incorporated issued 15 00-year bonds 400 years ago with a coupon rate of 9.50% APR. The bonds pay semi-annual coupons have a face

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Freiburg Faucets Incorporated issued 15 00-year bonds 400 years ago with a coupon rate of 9.50% APR. The bonds pay semi-annual coupons have a face value of $1000 each and were issued at par value: What is the price of the Freiburg band's today if investors want a 7.09% APR return for bonds of similar risk and maturity? Submit Answer format: Currency Round to 2 decimal places

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