There are 15 years to maturity compute the price of the, Financial Management

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There are 15 years to maturity compute the price of the

Jose is considering a bond investment in Simple Incorporation. The $1,000 par value bonds have a quoted annual interest rate of 10 percent and the interest is paid semiannually. The yield to maturity on the bonds is 12 percent annual interest. There are 15 years to maturity. Compute the price of the bonds based on semiannual analysis. Round your final answer to 2 decimal places.

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Financial Management: There are 15 years to maturity compute the price of the

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