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Firm Z issued 2 1 - year bonds 5 years ago at a coupon rate of 6 . 8 1 percent. The bonds make semiannual

Firm Z issued 21-year bonds 5 years ago at a coupon rate of 6.81 percent. The bonds make semiannual payments. If the YTM on these bonds is 11.09 percent, what is the current bond price? Answer to two decimals. Carry intermediate calculations to at least four decimal places. Assume all bonds have a face or par value of $1000.00.

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