2 years have passed and you decide to sell the bonds on the secondary market.

Another investment fund, Eastern Cross Securities, wishes to buy your bonds and they have a YTM of 5% p.a.

What is the price that they will pay?

(hint: ID the values for substitution into the bond formula. FV = Face Value, it does not change. y = buyer's yield, this has changed. C =fixed and does not change from before. n = number of payments remaining. The bonds originally had 5 years to maturity. You have held them for 2 years. How many semi-annual payments remain?)

(enter your answer without $ or , to 2 decimal places)