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A 10-year 4.8% coupon bond was issued 4 years ago. Similarly risky bonds are yielding 6.3%. Assume semi-annual coupon payments. The bond's price should be

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A 10-year 4.8% coupon bond was issued 4 years ago. Similarly risky bonds are yielding 6.3%. Assume semi-annual coupon payments. The bond's price should be $ Hint: Original bond maturity is not relevant -- what matters is the number of coupon payment periods remaining until maturity. Do not round any intermediate work. Round your *final* answer to 2 decimal places (example: 1234.567 = 1234.57). Do not enter the $ sign. Margin of error for correct responses: +/- .05

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