Finance help Bond Valuation with Semiannual Payments Renfro Rentals has issued bonds that...
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Finance help
Bond Valuation with Semiannual Payments Renfro Rentals has issued bonds that have a 9% coupon rate, payable semiannually. The bonds mature in 18 years, have a face value of $1,000, and a yield to maturity of 7.5%. What is the price of the bonds? Round your answer to the nearest cent
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