Assess the price of the bonds based on semiannual analysis


Please assist with the following questions.

Joe wants to buy a bond for AB company. The $1000 par value bonds have a quoted annual interest rate of 9 % and interest is paid semiannually. The yield to maturity on the bonds is 12% annual interest. There are 15 years to maturity. Compute the price of the bonds based on semiannual analysis.

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Finance Basics: Assess the price of the bonds based on semiannual analysis
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