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Westco Company issued 14y ear bonds one year ago at a coupon rate of 7.4 percent. The bonds make semiannual payments and have a par

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Westco Company issued 14y ear bonds one year ago at a coupon rate of 7.4 percent. The bonds make semiannual payments and have a par value of $1.000. If the YTM on these bonds is 5.4 percent, what is the current price of the bond in dollars? Note: Do not round Intermedlate calculatlons and round your answer to 2 declmal places, e.9. 3210

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