BDJ Co. has a $5,000 par value bond outstanding with a coupon rate of 4.6% paid semiannually and 21 years to maturity. T

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answerhappygod
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BDJ Co. has a $5,000 par value bond outstanding with a coupon rate of 4.6% paid semiannually and 21 years to maturity. T

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BDJ Co. has a $5,000 par value bond outstanding with a coupon
rate of 4.6% paid semiannually and 21 years to maturity. The yield
to maturity on this bond is 5.4%. What is the price of the bond?
Round your answer to two decimal places.
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