Renfro Rentals has issued bonds that have a 9% coupon rate, payable semiannually. The bonds mature in 9 years, have a face value of $1,000, and a yield to maturity of 7.5%. What is the price of the bonds? Round your answer to the nearest cent.

Bond Valuation with Semiannual Payments Renfro Rentals has issued bonds that have a 9% coupon rate, payable semiannually. The bonds mature in 9 years, have a face value of $1,000, and a yield to maturity of 7.5%. What is the price of the bonds? Round your answer to the nearest cent. 5 Bond Valuation with Semiannual Payments Renfro Rentals has issued bonds that have a 9% coupon rate, payable semiannually. The bonds mature in 9 years, have a face value of $1,000, and a yield to maturity of 7.5%. What is the price of the bonds? Round your answer to the nearest cent. 5