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A bond has a coupon rate of 9 . 4 percent and 3 years until maturity. If the yield to maturity is 1 1 .

A bond has a coupon rate of 9.4 percent and 3 years until maturity. If the yield to maturity is 11.6 percent, what is the price
of the bond? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
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