Business, 14.07.2019 19:30 justachelseafan

Several years ago, castles in the sand inc. issued bonds at face value of $1,000 at a yield to maturity of 6.2%. now, with 6 years left until the maturity of the bonds, the company has run into hard times and the yield to maturity on the bonds has increased to 15%. what is the price of the bond now? (assume semiannual coupon payments.) (do not round intermediate calculations. round your answer to 2 decimal places.)

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