Problem - 11 Bond Valuation You are an active trader in the bond market. You are evaluating all of the bonds issued by Spice Trading, Inc. One bond has a face value of $1,000 and 7.2% annual rate coupons, that are paid twice a year. This particular bond was issued as a 16-year bond, one year ago If the current YTM for bonds like this is 5.5%, what is the current price (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 12.34.) Current bond price