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What is the yield to maturity on a corporate bond with a 5.1% coupon rate, 20 years to maturity and a current price of $1,045.89.

What is the yield to maturity on a corporate bond with a 5.1% coupon rate, 20 years to maturity and a current price of $1,045.89. The bond makes semiannual payments.

The bonds for Company X have a 14 year maturity, a coupon rate of 7.3% and a yield to maturity of 8.1%. The bonds pay semiannual payments. Calculate the price of these bonds. Enter your answer as a number with 2 decimal places of precision (i.e. 1.23).

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