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CH6 410f6) 4. 265 points Problem 6-3 Bond Prices [LO 2] Lycan, Inc., has 7.4 percent coupon bonds on the market that have 6 years

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CH6 410f6) 4. 265 points Problem 6-3 Bond Prices [LO 2] Lycan, Inc., has 7.4 percent coupon bonds on the market that have 6 years left to maturity. The bonds make annual payments and have a par value of $1,000 If the YTM on these bonds is 9.4 percent, what is the current bond price? (Do not round Intermediate calculations and round your answer to 2 decimal places, o.g, 32.16.) Current bond price 5

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