Bonds make semiannual payments-current bond price

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Reference no: EM131062880

App Store Co. issued 13-year bonds one year ago at a coupon rate of 8 percent. The bonds make semiannual payments. If the YTM on these bonds is 5.7 percent, what is the current bond price? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)

Reference no: EM131062880

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