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Lycan, Inc., has 8.8 percent coupon bonds on the market that have 7 years left to maturity. The bonds make annual payments. Required: If the

Lycan, Inc., has 8.8 percent coupon bonds on the market that have 7 years left to maturity. The bonds make annual payments.

Required:

If the YTM on these bonds is 10.8 percent, what is the current bond price?

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