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P7-3 Bond Prices [LO2] Staind, Inc., has 8 percent coupon bonds on the market that have 13 years left to maturity. The bonds make annual

P7-3 Bond Prices [LO2] Staind, Inc., has 8 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 10 percent, what is the current bond price?

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