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Grohl Co. issured 6-year bond a year ago at a coupon rate of 9 percent. The bonda make semiannual payments. If the YTM on these

Grohl Co. issured 6-year bond a year ago at a coupon rate of 9 percent. The bonda make semiannual payments. If the YTM on these bonds is 12 percent. What is the current bond price?

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