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Wildhorse, Inc. has a bond issue maturing in seven years that is paying a coupon rate of 95 percent (semiannual payments). Management wants to retire

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Wildhorse, Inc. has a bond issue maturing in seven years that is paying a coupon rate of 95 percent (semiannual payments). Management wants to retire a portion of the issue by buying the securities in the open market. If it can refinance at 8.0 percent, how much will Wildhorse pay to buy back its current outstanding bonds? (Round answer to 2 decimal places, es. 15.25.) Wildhorse will pay $

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