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Staind, Inc., has 7 percent coupon bonds on the market that have 9 years left to maturity. The bonds make annual payments. If the YTM

Staind, Inc., has 7 percent coupon bonds on the market that have 9 years left to maturity. The bonds make annual payments. If the YTM on these bonds is 10 percent, what is the current bond price?

$1,199.46

$827.23

$1,030.00

$868.59

$785.87

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