The yield to maturity for 20-year bonds is as follows for four different bond rating categories. UseAppendix BandAppendix Dfor an approximate answer but calculate your final answer using the formula and financial calculator methods.

Aaa	10.00%
Aa1	10.20%
Aa2	11.00%
Aa3	11.20%

The bonds of Falter Corporation were rated as Aa1 and issued at par a few weeks ago. The bonds have just received a new rating of Aaa. Determine the new price of the bonds, assuming a 20-year maturity and semiannual interest payments.(Do not round intermediate calculations and round your answer to 2 decimal places.)

Price of the bonds

$