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Dexter Mills issued 30-year bonds one year ago at a coupon rate of 9.1 percent. The bonds make semiannual payments and have a par value
Dexter Mills issued 30-year bonds one year ago at a coupon rate of 9.1 percent. The bonds make semiannual payments and have a par value of $1,000. If the YTM is 8.9 percent, what is the current bond price?
(Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
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