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1 Problem 7-6 Bond Prices (L02) Langford Co. issued 14year bonds a year ago at a coupon rate of 8.8%. The bonds make semiannual payments.

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1 Problem 7-6 Bond Prices (L02) Langford Co. issued 14year bonds a year ago at a coupon rate of 8.8%. The bonds make semiannual payments. Ifthe YTM on these bonds is 71%, what is the current bond price? (Do not round intermediate calculations. Round the final answer to 2 decimal places. Omit $ sign in your response.) 'OlntS Current bond price $ |:|

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