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Four years ago Xpress-Oh issued a GBP250 million 10-year 5.25% semi-annual bond to help fund the original factory. The company achieved a rating of BBB-

Four years ago Xpress-Oh issued a GBP250 million 10-year 5.25% semi-annual bond to help fund the original factory. The company achieved a rating of BBB- from Standard & Poors and the instrument has a YTM of 7%. Calculate the current bond price.

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