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Staind, Inc., has 12 percent coupon bonds on the market that have 22 years left to maturity. The bonds make semiannual payments. If the YTM

Staind, Inc., has 12 percent coupon bonds on the market that have 22 years left to maturity. The bonds make semiannual payments. If the YTM on these bonds is 8 percent, what is the current bond price? Answer the question with 2 decimals (e.g. 1030.12)

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