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Mark has 7% coupon bonds on the market that have 14 yrs left to maturity. The bonds will make annual pymts. If the YTM on

Mark has 7% coupon bonds on the market that have 14 yrs left to maturity. The bonds will make annual pymts. If the YTM on these bonds is 8%, what's the current bond price. Assume face value of 1000.

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