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ssignment: Assignment 1- Review chapters Assignment Score: 0.00% Save Submit Assignment for Grading gestions Problem 497 (Rond Valuation with Semiannual Payments) 4 Question 15 of

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ssignment: Assignment 1- Review chapters Assignment Score: 0.00% Save Submit Assignment for Grading gestions Problem 497 (Rond Valuation with Semiannual Payments) 4 Question 15 of 18 eBook Problem Walk-Through Bond Valuation with Semiannual Payments Renfro Rentals has issued bonds that have a 12% coupon rate, payable semiannually. The bonds mature in 14 years, have a face value of $1,000, and a yield to maturity of 10.5%. What is the price of the bonds? Round your answer to the nearest cent. o

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