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Staind, Inc., has 11 percent coupon bonds on the market that have 10 years left to maturity. The bonds make semiannual payments. If the YTM

Staind, Inc., has 11 percent coupon bonds on the market that have 10 years left to maturity. The bonds make semiannual payments. If the YTM on these bonds is 7 percent, what is the current bond price? Answer the question with 2 decimals (e.g. 1030.12)

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