The bonds make annual payments

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Reference no: EM13726452

Lycan, Inc., has 8.2 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 10.2 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: EM13726452

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