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What is the price of bond with 22 years to maturity, a 9.4% coupon interest rate, and a yield to maturity of 12%? Assume a
What is the price of bond with 22 years to maturity, a 9.4% coupon interest rate, and a yield to maturity of 12%? Assume a par value of $1,000.
Enter your answer as a number with 2 decimal places of precision (i.e. 1.23)
Do not enter your answer with a dollar signs or commas.
Do not enter your answer as a negative number.
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