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P7-3 Bond Prices (LO2] 19 Staind, Inc., has 7 percent coupon bonds on the market that have 13 years left to maturity. The bonds make

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P7-3 Bond Prices (LO2] 19 Staind, Inc., has 7 percent coupon bonds on the market that have 13 years left to maturity. The bonds make annual payments. If the YTM on these bonds is 9 percent, what is the current bond price? 1 points Multiple Choice References $1,171.15 $892.78 $850.26 $80775 $1,030.00

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