Renfro Rentals has issued bonds that have a 8% coupon rate, payable semiannually. The bonds mature...

Renfro Rentals has issued bonds that have a 8% coupon rate, payable semiannually. The bonds mature in 9 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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As nothing was mentioned excel is used. If you need with PVIFA and PVIF formula, let me know, will do that also. Thank you.

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