Question: 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

A bond with 22 years until maturity has a coupon rate

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? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Answer is complete but not entirely correct. Price $ 1,176.03 X

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