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You are an active trader in the bond market. You are evaluating all of the bonds issued by Spice Trading, Inc. One bond has a

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You are an active trader in the bond market. You are evaluating all of the bonds issued by Spice Trading, Inc. One bond has a face value of $1,000 and 7.4% annual rate coupons, that are paid twice a year. This particular bond was issued as a 14-year bond, one year ago If the current YTM for bonds like this is 5.4%, what is the current price (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 12.34.) Current bond price

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