Coupon bonds on the market-what is the current bond price

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Reference no: EM13872428

Lycan, Inc., has 8.7 percent coupon bonds on the market that have 10 years left to maturity. The bonds make annual payments. Required: If the YTM on these bonds is 10.7 percent, what is the current bond price? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)

Reference no: EM13872428

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