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The current bear market in stocks is driving people to invest in bonds. A few months ago, after reading a reddit post, your friend

 

The current bear market in stocks is driving people to invest in bonds. A few months ago, after reading a reddit post, your friend decided to buy a bond that matures on February 1st, 2047. This bond has an annual coupon rate of 4.395% paid out semi- annually. Today (December 21st, 2022), your friend decides to sell the bond. Yields are currently 4.170%, and there are exactly 42 days until the next coupon is paid and a total of 184 days between coupons. Your friend wants to know at what price to sell the bond, in other words, what is the clean price of this bond? Assume actual/actual convention, a face value of $100, and all rates are annualized. (Round your final answer to four decimal places)

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