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2. Bond Prices: Zevon, Inc., has 9 percent coupon bonds on the market that have 8 years left to maturity. The bonds make annual payments.

2. Bond Prices: Zevon, Inc., has 9 percent coupon bonds on the market that have 8 years left to maturity. The bonds make annual payments. If the YTM on these bonds is 7 percent, what is the current bond price?

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