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5. Bond Prices: Brittany Co. issued 15-year bonds one year ago at a coupon rate of 8.50 percent. The bonds make semiannual payments. If the
5. Bond Prices: Brittany Co. issued 15-year bonds one year ago at a coupon rate of 8.50 percent. The bonds make semiannual payments. If the YTM on these bonds is 7.90 percent, what is the current bond price?
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