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3. Bond Prices. Lycan, Inc.,. has 7 percent coupon bonds on the market that LO 2 have 9 years left to maturity. The bonds make

3. Bond Prices. Lycan, Inc.,. has 7 percent coupon bonds on the market that LO 2 have 9 years left to maturity. The bonds make annual payments and have a par value of $1,000. If the YTM on these bonds is 8.4 percent, what is the current bond price

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