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what is current bond Westco Company issued 14 -year bonds a year ago at a coupon rate of 7.4 percent. The bonds make semiannual payments

what is current bond
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Westco Company issued 14 -year bonds a 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 5.7 percent, what is the current bond price in dollars? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

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