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The Garcia Companys bonds have a face value of $1,000, will mature in 10 years, and carry a coupon rate of 18.8 percent. Assume interest

The Garcia Companys bonds have a face value of $1,000, will mature in 10 years, and carry a coupon rate of 18.8 percent. Assume interest payments are made semiannually. Collapse question part (a) Determine the present value of the bonds cash flows if the required rate of return is 18.8 percent. (Round factor value calculations to 5 decimal places, e.g. 0.52755. Round other intermediate calculations to 2 decimal places, e.g. 52.75. Round final answer to nearest dollar amount.) Present value $___.

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