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Staind, Inc., has 7 percent coupon bonds on the market that have 6 years left to maturity. The bonds make annual payments. If the YTM

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Staind, Inc., has 7 percent coupon bonds on the market that have 6 years left to maturity. The bonds make annual payments. If the YTM on these bonds is 9 percent, what is the current bond price? $1, 099.33 $955.80 $910.28 $1, 030.00 $864.77

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