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PRICE AND VIELD A 7%w semianmual coupon bond matures in $ years. The bond has a face value of $1,000 and a current vield of

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PRICE AND VIELD A 7\%w semianmual coupon bond matures in $ years. The bond has a face value of $1,000 and a current vield of 7.4903%. What is the bond's price? Do not round intermediate calculations. Round your answer to the nearest cent. What is the bond's VTM? (Hint: Refer to Footnote ? tor the definition of the current yield and to Tabie 7.1.) Do not round intermediate caiculations. Pound your answers to two decimal places

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