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Blue Jazz, Inc., has 10 percent coupon bonds on the market that have 22 years left to maturity. The bonds make annual payments. If the
Blue Jazz, Inc., has 10 percent coupon bonds on the market that have 22 years left to maturity. The bonds make annual payments. If the YTM on these bonds is 9.2 percent, the current price of the bond $______. Round it two decimial places, and do not include the $ sign, e.g., 935.67.
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