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Heathrow Sparkling is considering a bond investment in LS 7 Airlines. The $ 1 , 0 0 0 par value bonds have a quoted annual

Heathrow Sparkling is considering a bond investment in LS7 Airlines. The $1,000 par value bonds have a quoted annual interest rate of 10.8 percent and the interest is paid semi-annually. The yield to maturity on the bonds is 12.8 percent annual interest. There are six years to maturity. Compute the price of the bonds based on semi-annual analysis.

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