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Please show your work Staind, Inc., has 8 percent coupon bonds on the market that have 9 years left to maturity. The bonds make annual

Please show your work

Staind, Inc., has 8 percent coupon bonds on the market that have 9 years left to maturity. The bonds make annual payments. If the YTM on these bonds is 9 percent, what is current bond price?

$987.05

$893.05

$1,066.47

$940.05

$1,030.00

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