A year ago, Co. sold 15yr bonds. The coupon rate is6.6%. Face value is $1,000. They're semiannual payments.

Required:

The YTM is 5.5%, what's the price? Hint: don't forget to adjust the maturity for it being a year later, so the NPER has declined by two semi-annual periods. Once again, for all the semi-annual problems divide the coupon rate and YTM by 2, and multiply NPER by 2. (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)