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A 8.8% coupon bearing bond pays interest semi-annually and has a maturity of 24 years. If the annual yield to maturity is 6.9%, what is

A 8.8% coupon bearing bond pays interest semi-annually and has a maturity of 24 years. If the annual yield to maturity is 6.9%, what is the current price of this bond? (Answer to the nearest penny.)

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