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Sheridan Corp. has 18-year bonds outstanding. These bonds, which pay interest swmiannually, have a coupon rate of 9.635 percent and a yield to maturity of

Sheridan Corp. has 18-year bonds outstanding. These bonds, which pay interest swmiannually, have a coupon rate of 9.635 percent and a yield to maturity of 9.0 percent. Assume face value is $1,000. Compute the current price of these bonds.

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