Saved Pia 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 8 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 $ 51:06