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Westco Company issued 16 -year bonds one year ago at a coupon rate of 6.2 percent. The bonds make semiannual payments and have a par

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Westco Company issued 16 -year bonds one year ago at a coupon rate of 6.2 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 intermediate calculations and round your answer to 2 decimal places, e.g. 32.16

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