Coupon bonds on the market

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Reference no: EM131065770

Lycan Inc. has 7.5% coupon bonds on the market that have 18 years left to maturity and a face value of $1,000. The bonds make annual payments. If the yield to maturity on these bonds is 4.25%, what is the current bond price?

Reference no: EM131065770

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Coupon bonds on the market : Lycan Inc. has 7.5% coupon bonds on the market that have 18 years left to maturity and a face value of $1,000. The bonds make annual payments. If the yield to maturity on these bonds is 4.25%, what is the current bond price?

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