Question: A bond with 2 4 years until maturity has a coupon rate of 8 . 2 percent and a yield to maturity of 6 .

A bond with 24 years until maturity has a coupon rate of 8.2 percent and a yield to maturity of 6.5 percent. What is the price of the bond?
Note: Do not round intermediate calculations. Round your answer to 2 decimal places.
Price
A bond with 24 years until maturity has a coupon rate

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