Question $5(7$ points$)$

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Compute the price of a $$4,244$ par value, $13$ percent coupon consol, or perpetual bond $($i$.$e$.,$ coupon interest payment is a perpetuity$),$ assuming that the yield to maturity on the bond is $11$ percent. $($Round your answer to $2$ decimal places and record without dollar sign or commas$).$

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