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Bond Prices (LO2) Langford Co. issued 14-year bonds a year ago at a coupon rate of 6.9%. The bonds make semiannual payments. If the YTM

Bond Prices (LO2) Langford Co. issued 14-year bonds a year ago at a coupon rate of

6.9%. The bonds make semiannual payments. If the YTM on these bonds is 5.2%, what is

the current bond price?

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