Question: ABC, Inc. has issued a 7 -year bond with a par value of $1,000, coupon rate of 2.46%. The yield to maturity (YTM) is 4.97%.

ABC, Inc. has issued a 7 -year bond with a par value of $1,000, coupon rate of 2.46%. The yield to maturity (YTM) is 4.97%. Assume semi-annual payments. What is today's price of this bond? Note: Enter your answer rounded off to two decimal points. Do not enter $ or comma in the answer box

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