Question: A bond with 2 2 years until maturity has a coupon rate of 7 . 8 percent and a yield to maturity of 6 .

A bond with 22 years until maturity has a coupon rate of 7.8 percent and a yield to maturity of 6.3 percent. What is the price of the bond?
Note: Do not round intermediate calculations. Round your answer to 2 decimal places.
Answer is complete but not entirely correct.
\table[[Price,$,1,176.018
 A bond with 22 years until maturity has a coupon rate

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