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Grohl Co. issued 18-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 18-year bonds a year ago at a coupon rate of 8 percent.

The bonds make semiannual payments. If the YTM on these bonds is 7.6 percent, the current bond price is $___ .

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