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2. Trecana Corporation issued a new series of bonds on January 1, 2000, which mature in 25 years, on December 31, 2024. The bonds were

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2. Trecana Corporation issued a new series of bonds on January 1, 2000, which mature in 25 years, on December 31, 2024. The bonds were sold at par ($100) and had a 4.7% coupon. Coupon payments are made semiannually. What was the price of the bond on January 1, 2004 assuming Interest rates had risen to 5.4967

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