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Staind, Inc., has 7 percent coupon bonds on the market that have 24 years left to maturity. The bonds make semiannual payments. If the YTM

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Staind, Inc., has 7 percent coupon bonds on the market that have 24 years left to maturity. The bonds make semiannual payments. If the YTM on these bonds is 5 percent, what is the current bond price? Answer the question with 2 decimals (e.g. 1030.12)

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