Question: Applied Software has a $ 1 , 0 0 0 par value bond outstanding that pays 1 2 percent interest with annual payments. The current

Applied Software has a $1,000 par value bond outstanding that pays 12 percent interest with annual payments. The current yield to maturity on such bonds in the market is 7 percent. Time to maturity is 30 years. Compute the price of the bonds.
Show the answer with no $ signs and no commas, with 2 decimals. For example, $1,250.65 should be shown as 1260.65
 Applied Software has a $1,000 par value bond outstanding that pays

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