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Staind, Inc., has 11 percent coupon bonds on the market that have 13 years left to maturity. The bonds make annual payments. If the YTM

Staind, Inc., has 11 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, the current bond price is $_______ .

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