You are called in as a financial analyst to appraise the bonds of Olsen$$s Clothing Stores. The $$1,000$ par value bonds have a quoted annual interest rate of $9$ percent, which is paid semiannually. The yield to maturity on the bonds is $10$ percent annual interest. There are $20$ years to maturity. Use Appendix B and Appendix D for an approximate answer but calculate your final answer using the formula and financial calculator methods.

Compute the price of the bonds based on semiannual analysis.