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Firm Z issued 23-year bonds 5 years ago at a coupon rate of 9.74 percent. The bonds make semiannual payments. If the YTM on these

Firm Z issued 23-year bonds 5 years ago at a coupon rate of 9.74 percent. The bonds make semiannual payments. If the YTM on these bonds is 9.5 percent, what is the current bond price? Answer to two decimals.

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