Question: BDJ Co. has a $5,000 par value bond outstanding with a coupon rate of 4.6% paid semiannually and 21 years to maturity. The yield to

BDJ Co. has a $5,000 par value bond outstanding with a coupon rate of 4.6% paid semiannually and 21 years to maturity. The yield to maturity on this bond is 4,9%. What is the price of the bond? Round your answer to two decimal places.

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