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Hinder Co. issued 16-year bonds one year ago at a coupon rate of 7.7 percent. The bonds make semiannual payments. If the YTM on these

Hinder Co. issued 16-year bonds one year ago at a coupon rate of 7.7 percent. The bonds make semiannual payments. If the YTM on these bonds is 5.4 percent, what is the current dollar price assuming a par value of $1,000? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Current bond price 26

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