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Calculate the bond price today

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Reference no: EM132794214

General Mills has a $1,000 par value, 28-year to maturity bond outstanding with an annual coupon rate of 8.51 percent per year, paid semiannually. Market interest rates on similar bonds are 12.09 percent. Calculate the bond's price today.

Round the answer to two decimal places.

Reference no: EM132794214

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