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Langford Co. issued 14-year bonds a year ago at a coupon rate of 7.1%. The bonds make semiannual payments. If the YTM on these bonds

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Langford Co. issued 14-year bonds a year ago at a coupon rate of 7.1%. The bonds make semiannual payments. If the YTM on these bonds is 5.4%, what is the current bond price? (Do not round intermediate calculations. Round the final answer to 2 decimal places. Omit $ sign in your response.) Current bond price $1

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