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Aloha Inc. has 4.5 percent coupon bonds on the market that have 7 years left to maturity. If the YTM on these bonds is 8.6percent,

Aloha Inc. has 4.5 percent coupon bonds on the market that have 7 years left to maturity. If the YTM on these bonds is 8.6percent, what is the current bond price?The bond pays coupons twice a year.

(Do not round intermediate calculations. Round your answer to 2 decimal places.)

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