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I am trying to figure out the right number for this if anyone could do it with an explanation. it would help me so much.

I am trying to figure out the right number for this if anyone could do it with an explanation. it would help me so much.

ABC In. issued 20-year bonds seven years ago at a coupon rate of 7.4%. The bonds make semiannual payments. If the YTM on these bonds is 5.7%, what is the current bond price? (Do not round intermediate calculations. Round the final answer to 2 decimal places. What is the Bond Price. (Do not round intermediate calculations. Round the final answers to 2 decimal places.) In order to grade this problem, you need to upload your handwritten calculations via Blackboard. You need to submit your calculations via Blackboard. For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BIUS Paragraph Open Sans,S... V 10pt v A v &v IX

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