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A company issued bonds with 8.2% coupons paid annually (once per year), $1,000 face value, and 10 years left to maturity. If the YTM in
A company issued bonds with 8.2% coupons paid annually (once per year), $1,000 face value, and 10 years left to maturity. If the YTM in the market for similar bonds is 10.2%, what is the current bond price? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 12.34.)
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