Great Wall Pizzeria issued 5-year bonds one year ago at a coupon rate of 6.3 percent. If the YTM on these bonds is 8.9 p

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answerhappygod
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Great Wall Pizzeria issued 5-year bonds one year ago at a coupon rate of 6.3 percent. If the YTM on these bonds is 8.9 p

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Great Wall Pizzeria issued 5-year bonds one year ago at a coupon
rate of 6.3 percent. If the YTM on these bonds is 8.9 percent, what
is the current bond price? (Do not round intermediate
calculations. Round your answer to 2 decimal places.)
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