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Pla Cloe is considering a bond Investment in the Miette Music Company. The $1,000 bonds have a quoted annual interest rate of 9 percent, and

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Pla Cloe is considering a bond Investment in the Miette Music Company. The $1,000 bonds have a quoted annual interest rate of 9 percent, and the Interest is paid semiannually. The yield to maturity on the bonds is 6 percent annually. There are 10 years to maturity Compute the price of the bonds. (Use a Financial calculator to arrive at the answers. Do not round intermediate calculation. Round the final answer to 2 decimal places.) Price of the bonds

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