Question: A $13357par value bond whose coupon rate is 3.2% is purchased. If the investment represents a current yield of 4.4%, compute the bond's market price

A $13357par value bond whose coupon rate is 3.2% is purchased. If the investment represents a current yield of 4.4%, compute the bond's market price at the time of the purchase.

Round your answer to the nearest dollar.

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