Question: Please show the steps to finding the answer using a *Financial Calculator*! Thank you. Zhang Technologies is looking to issue $1,000 par value, 7% annual

 Please show the steps to finding the answer using a *Financial

Please show the steps to finding the answer using a *Financial Calculator*! Thank you.

Zhang Technologies is looking to issue $1,000 par value, 7% annual coupon rate, 12 year maturity public bonds for the first time. These bonds have been estimated to have the same riskiness as the currently outstanding bonds of i2 Technologies. The i2 bond information is as follows: Par value $1,000; Maturity 12 years; Current price $818.81; Coupon rate -6.5% paid semi-annually. What price would Zhang expect to receive for their bonds

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