Occam Industrial Machines issued 139,000 zero coupon bonds four years ago. The bonds have a par value of $1,000 and originally had 30 years to maturity with a yield to maturity of 6.9 percent. Interest rates have recently increased, and the bonds now have a yle to maturity of 8.5 percent. Assume semiannual compounding for the bonds. What is the dollar price of the bonds? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. Bond price 119.90

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