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

Lycan, Inc., has 7 percent coupon bonds on the market that have 6 years left to maturity. The bonds make annual payments and have a par value of $1,000. If the YTM on these bonds is 8.25 percent, what is the current bond price

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