Question: Problem 10-4 A bond with 20 years until maturity has a coupon rate of 7.4 percent and a yield to maturity of 6.1 percent. What

Problem 10-4

A bond with 20 years until maturity has a coupon rate of 7.4 percent and a yield to maturity of 6.1 percent. What is the price of the bond? (Do not round intermediate calculations. Round your answer to 2 decimal places. Omit the "$" sign in your response.)

Price of the bond $

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