What is the current bond price-cutler co

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Cutler Co. issued 10 year bonds with a coupon rate of 7.8%. The bonds make semiannual payments and have a $1,000 par value. If the YTM on these bonds is 8.6%, what is the current bond price? (Show your answer as a positive dollar value with 2 decimal places, without a $. For example, 527.27.)

Reference no: EM132538528

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