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Staind, Inc., has 8 percent coupon bonds on the market that have 6 years left to maturity. The bonds make semiannual payments. If the YTM

Staind, Inc., has 8 percent coupon bonds on the market that have 6 years left to maturity. The bonds make semiannualpayments. If the YTM on these bonds is 4 percent, what is the current bond price?

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