DO NOT CLICK PAST THIS QUESTION UNTIL AFTER YOU HAVE TAKEN Y…

DO NOT CLICK PAST THIS QUESTION UNTIL AFTER YOU HAVE TAKEN YOUR EXAM. Remember to return to Canvas after you’ve completed your assessment to submit this quiz and end proctoring session.For any technical assistance, please contact Honorlock support thru the livechat at the bottom right of this page or by calling (855) 828-4004.   Please navigate to Examplify at this time.  You exam password is: aH4ChtrcWcj7

BiggCity Bank has an outstanding bond with 7 years remaining…

BiggCity Bank has an outstanding bond with 7 years remaining until maturity and a face value of $1,000. The bond pays a 4.4% annual coupon, with interest paid semi-annually. If the current market yield is 4.5% annually (compounded semiannually), what is the bond’s current market price?Enter your answer with two decimal places.