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Langford Co. Issued 14-year bonds a year ago at a coupon rate of 8.7%. The bonds make semiannual payments. If the YTM on these bonds

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Langford Co. Issued 14-year bonds a year ago at a coupon rate of 8.7%. The bonds make semiannual payments. If the YTM on these bonds is 7.0%, what is the current bond price? (Do not round Intermediate calculations. Round the final answer to 2 decimal places. Omit $ sign in your response.) Current bond price

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