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ABC Comp. has 10% coupon bonds on the market that have 17 years left to maturity. The bonds will make annual payments. If the YTM

ABC Comp. has 10% coupon bonds on the market that have 17 years left to maturity.

The bonds will make annual payments. If the YTM on these bonds is 12%.

What is the current bond price in $ ? Assume the face value of the bond is $1,000

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