On June 1, 1990, an investor buys three 14-year bonds, each with par value 1000, to yield an effective annual interest rate of i on each bond. Each bond is redeemable at par. You are given: i. the first bond is an accumulation bond priced at 195.63; ii. the second bond has 9.4 percent semiannual coupons and is priced at 825.72; and iii. the third bond has 10 percent annual coupons and is priced at P. Calculate P. ADAPT Note: An accumulation bond is one that does not have any coupons