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Calculate the current price ofe $1,!)DD par value bond that has a coupon rate of 12 percent, pays coupon interest semi—annually, has 21 years remaining to maturityll and has a current yield to maturityI (discount rate} of 3* percent. (Round your answer to 2 decimal places and reoord without dollar sign or commas}.

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Calculate the current price ofe $1,!)DD par value bond that has a coupon rate of 12 percent, pays coupon interest semi—annually,
has 21 years remaining to maturityll and has a current yield to maturityI (discount rate} of 3* percent. (Round your answer to 2
decimal places and reoord without dollar sign or commas}.

 
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