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Lycan, Inc has 7% coupon bonds on the market that have 12 years left to maturity. The bonds make semiannual payments. If the YTM on

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Lycan, Inc has 7% coupon bonds on the market that have 12 years left to maturity. The bonds make semiannual payments. If the YTM on these bonds is 996, what is the current bond price? 1) $4801.94 2) $855.05 3) $912.76 4) $965.55 5) $1,034.51

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