CEPS Group offers 7.25 percent coupon bonds with semiannual payments and a yield to maturity of 7.05 percent compounded semiannually. The bonds mature in 11 years. What is the market price per bond if...

CEPS Group offers 7.25 percent coupon bonds with semiannual payments and a yield to
maturity of 7.05 percent compounded semiannually. The bonds mature in 11 years. What is
the market price per bond if the face value is $1,000?

nots: show all calculaation even 1+1=2