What is the current bond price

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Sqeekers Co. issued 11-year bonds a year ago at a coupon rate of 7.1 percent. The bonds make semiannual payments and have a par value of $1,000. If the YTM on these bonds is 5.4 percent, what is the current bond price? Show which formula is used to get this answer. (Not Excel please).  

Reference no: EM131932873

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