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ABC, Inc. has issued a 10-year bond with a par value of $1,000, coupon rate of 7.14%. The yield to maturity (YTM) is 4.01%. Assume
ABC, Inc. has issued a 10-year bond with a par value of $1,000, coupon rate of 7.14%. The yield to maturity (YTM) is 4.01%. Assume semi-annual payments. What is today's price of this bond?
Note: Enter your answer rounded off to two decimal points. Do not enter $ or comma in the answer box.
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