Steven Jacobs is considering a bond investment in the Northeast Technology Company. The $$1,025$ bonds have a quoted annual interest rate of $5$ percent, and the interest is paid semi$-$annually. The yield to maturity on the bonds is $6$ percent annually. There are $10$ years to maturity.

Compute the price of the bonds. Use Appendix B and Appendix D$.$

Round $"$PV Factor" to $3$ decimal places.

Do not round other intermediate calculations.

Round the final answer to $2$ decimal places.

Show all of your work and the steps you've taken to come to determine the price of the bonds.

Question $22$ options: