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Elkus Company issued 1 5 - year bonds a year ago at a coupon rate of 5 . 4 percent. The bonds make semiannual payments
Elkus Company issued year bonds a year ago at a coupon rate of percent. The bonds make semiannual payments and have a
par value of $ If the YTM on these bonds is percent, what is the current price of the bond in dollars?
Note: Do not round intermediate calculations and round your answer to decimal places, eg
Current bond price
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