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App Store Co. issued 14-year bonds one year ago at a coupon rate of 6.9 percent. The bonds make semiannual payments. If the YTM on

App Store Co. issued 14-year bonds one year ago at a coupon rate of 6.9 percent. The bonds make semiannual payments.

If the YTM on these bonds is 5.5 percent, what is the current bond price? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)

Current bond price

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