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Firm XYZ has a bond with a coupon rate of 6.97% (paid semi-annually), face value of $1000, and 10 years to maturity. Bond dealers tell

image text in transcribed Firm XYZ has a bond with a coupon rate of 6.97% (paid semi-annually), face value of $1000, and 10 years to maturity. Bond dealers tell you that the yield-to-maturity on this bond is 5.66%. What should be the bond's price? Report as a dollar value but without the dollar sign, i.e. if the price is $1,000.66 then report 1,000.66

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