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Grohl Co. issued 8-year bonds a year ago at a coupon rate of 9 percent. The bonds make semiannual payments. If the YTM on these

Grohl Co. issued 8-year bonds a year ago at a coupon rate of 9 percent. The bonds make semiannual payments. If the YTM on these bonds is 7 percent, what is the current bond price?

$1,386.22

$1,073.74

$752.93

$1,119.21

$1,109.21

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