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ABC issued 14-year bonds a year ago at a coupon rate of 7.8%. The bonds make semi-annual payments. If the YTM on these bonds is
ABC issued 14-year bonds a year ago at a coupon rate of 7.8%. The bonds make semi-annual payments. If the YTM on these bonds is 6.1%, what is the current bond price? (Do not round intermediate calculations. Round the final answer to 2 decimal places.
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