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Lycan, Inc., has 7 . 6 percent coupon bonds on the market that have 9 years left to maturity. The bonds make annual payments. Required:

Lycan, Inc., has 7.6 percent coupon bonds on the market that
have 9 years left to maturity. The bonds make annual payments.
Required: If the YTM on these bonds is 9.6 percent, what is the
current bond price? (Do not round intermediate calculations. Round
your answer to 2 decimal places (e.g.,32.16).) Current bond price
$

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