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Bearcat Corporation is offering bonds to the market with a coupon of 20 percent. The bonds make semiannual payments and currently have a yield to

Bearcat Corporation is offering bonds to the market with a coupon of 20 percent. The bonds make semiannual payments and currently have a yield to maturity of 16.78 percent. The bonds will mature in 17 years and have a face value of $1,000. What should be the current market price of each bond

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