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Three years ago, JKL Co. issued bonds with a 14-year maturity then and at a coupon rate of 6.4 percent. The bonds make semiannual payments.
Three years ago, JKL Co. issued bonds with a 14-year maturity then and at a coupon rate of 6.4 percent. The bonds make semiannual payments. If the YTM on these bonds is 9 percent, what is the current bond price? (Do not include the dollar sign ($). Enter rounded answer as directed, but do not use the rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)
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