Grossnickle Corporation issued 20-year non-callable 7.1% annual coupon bonds at their par value of $1,000 one year ago today even market interest rate of these bonds is 5.5% what is the current price of the bonds given but they now have 19 years to maturity?

Question 19 1 pts Grossnickle Corporation issued 20 year, noncallable, 7.1% annual coupon bonds at their par value of $1,000 one year ago. Today, the market interest rate on these bonds is 5.5%. What is the current price of the bonds, given that they now have 19 years to maturity