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Grohl Co. issued 15-year bonds a year ago at a coupon rate of 8 percent. The bonds make semiannual payments. If the YTM on these

Grohl Co. issued 15-year bonds a year ago at a coupon rate of 8 percent. The bonds make semiannual payments. If the YTM on these bonds is 6 percent, what is the current bond price?

$1,197.64

$1,124.38

$1,566.92

$659.62

$1,187.64

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