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On-Line Assessment #1-Bond Valuation (Chapter 7) Saved 7 Sqeekers Co. issued 15-year bonds a year ago at a coupon rate of 8.7 percent. The bonds

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On-Line Assessment #1-Bond Valuation (Chapter 7) Saved 7 Sqeekers Co. issued 15-year bonds a year ago at a coupon rate of 8.7 percent. The bonds make semiannual payments and have a par value of $1,000. If the YTM on these bonds is 7 percent, what is the current bond price? (Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.) Skipped Current bond price eBook Print

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