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Grohl Co. issued 16 year bonds 4 years ago at a coupon rate of 7 percent. The bonds make semiannual payments. If the YTM on

Grohl Co. issued 16 year bonds4 years agoat a coupon rate of 7 percent. The bonds make semiannual payments. If the YTM on these bonds is 9 percent, what is the current bond price? Enter the answer with 2 decimals (e.g. 950.45)

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