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Lycan, Inc., has 8.1 percent coupon bonds on the market that have 9 years left to maturity. The bonds make annual payments. If the YTM
Lycan, Inc., has 8.1 percent coupon bonds on the market that have 9 years left to maturity. The bonds make annual payments.
If the YTM on these bonds is 10.1 percent, what is the current bond price? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)
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