Question: # 5 ( Ch.7 , Ch.8 ) Saved ILoveBonds issued 12-year bonds a year ago at a coupon rate of 8.4 percent. The coupons are

# 5 ( Ch.7 , Ch.8 ) Saved ILoveBonds issued 12-year bonds a year ago at a coupon rate of 8.4 percent. The coupons are semiannual, the par value is $1,000, and the YTM is 6.7 percent. Calculate the current bond price. (Do not round intermediate calculations. Round your final answer to 2 decimal places, e.g., 32.16.) Current bond price

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