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I need 4 decimal ans Bernard co. has 696 coupon bonds on the market that have 18 years left to maturity. The bonds will make

image text in transcribed I need 4 decimal ans

Bernard co. has 696 coupon bonds on the market that have 18 years left to maturity. The bonds will make annual payments. If the YTM on these bonds is 10%, what is the current bond price (in $ dollars)? (Assume the face value of the bond is $1,000)

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