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The yield to maturity of a $ 1 comma 000$1,000 bond with a 7.0 %7.0% coupon rate, semiannual coupons, and two years to maturity is

The yield to maturity of a

$ 1 comma 000$1,000

bond with a

7.0 %7.0%

coupon rate, semiannual coupons, and two years to maturity is

7.6 %7.6%

APR, compounded semiannually. What is its price?

The price of the bond is

$nothing.

(Round to the nearest cent.)

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