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App Store Co. issued 16-year bonds one year ago at a coupon rate of 6.7 percent. The bonds make semiannual payments. If the YTM on
App Store Co. issued 16-year bonds one year ago at a coupon rate of 6.7 percent. The bonds make semiannual payments.
If the YTM on these bonds is 5.3 percent, what is the current bond price?
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