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Grohl Co. issued 19-year bonds a year ago at a coupon rate of 7 percent. The bonds make semiannual payments. If the YTM on these

Grohl Co. issued 19-year bonds a year ago at a coupon rate of 7 percent. The bonds make semiannual payments. If the YTM on these bonds is 11 percent, what is the current bond price? Multiple Choice $699.28 $1,858.48 $689.28 $640.25 $772.85

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