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Staind, Inc., has 4 percent coupon bonds on the market that have 19 years left to maturity. The bonds make semiannual payments. If the YTM

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Staind, Inc., has 4 percent coupon bonds on the market that have 19 years left to maturity. The bonds make semiannual payments. If the YTM on these bonds is 11 percent, what is the current bond price? Answer the question with 2 decimals (e.g. 1030.12)

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