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4. Grohl Co.issued 27 year bonds 5 years ago at a coupon rate of 7 percent. The bonds make semiannual payments . If the YTM

4. Grohl Co.issued 27 year bonds 5 years ago at a coupon rate of 7 percent. The bonds make semiannual payments . If the YTM on these bonds is 12 percent , what is the current bond price? Enter the answer with 2 decimals (e.g. 950.45 )

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