Lycan, Inc., has 7.5 percent coupon bonds on the market that have 8 years left to maturity. The bonds make annual payments and have a par value of $1,000. If the YTM on these bonds is 9 percent, what is the current bond price? $904.46 $916.98 $925.64 $895.55

Lycan, Inc., has 7.5 percent coupon bonds on the market that have 8 years left to maturity. The bonds make annual payments and have a par value of $1,000. If the YTM on these bonds is 9 percent, what is the current bond price? $904.46$916.98$925.64$895.55