The bonds mature in 12 years have a face value of 1000 and, Financial Management

The bonds mature in 12 years have a face value of 1000 and

Renfro Rentals has issued bonds that have a 8% coupon rate, payable semiannually. The bonds mature in 12 years, have a face value of $1,000, and a yield to maturity of 10%. What is the price of the bonds? Round your answer to the nearest cent.

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Financial Management: The bonds mature in 12 years have a face value of 1000 and

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Financial Management: The bonds mature in 12 years have a face value of 1000 and

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