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Problem 10-21 (Algo) Bond value-semiannual analysis [LO10-3] Heather Smith is considering a bond investment in Lockbar Airines. The $1,000 par value bonds have a quoted

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Problem 10-21 (Algo) Bond value-semiannual analysis [LO10-3] Heather Smith is considering a bond investment in Lockbar Airines. The $1,000 par value bonds have a quoted annual interest rate of 9 percen and the interest is paid semiannualy. The yieid to maturity on the bonds is 12 percent annual interest. There are 9 years to maturity: Compute the price of the bondis based on semiannual analysis. Use Apcendix B and Apaendix. D for an approximote answer but cakulate your final answer using the formula and financial calculator methods. Note: Do not round intermediote colculotions. Round your finbl onswer to 2 decimal ploces

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