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Calculate the current prioe ofa $5,!)[IID par value bond that has a coup-on rate of 11 percent, pays coupon interest ouarterl’yr {i.e., 4 times per year}, has 15 years remaining to maturity, and has a current 1,.I’ield to maturity! [discount rate} of 9 percent. {Round your answer to 2 decimal places. and reoord without dollar sign or commas}.

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Calculate the current prioe ofa $5,!)[IID par value bond that has a coup-on rate of 11 percent, pays coupon interest ouarterl’yr {i.e., 4
times per year}, has 15 years remaining to maturity, and has a current 1,.I’ield to maturity! [discount rate} of 9 percent. {Round your
answer to 2 decimal places. and reoord without dollar sign or commas}.

 
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