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You have a $ 1 , 0 0 0 face value bond. You know that it originally had a maturity of 1 6 years, one

You have a $1,000 face value bond. You know that it originally had a maturity of 16 years, one year ago. This bond has 7.2% annual rate coupons, that are paid twice a year. The market for bonds like this has a YTM of 5.5%
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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