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Staind, Inc., has 8 percent coupon bonds on the market that have 7 years left to maturity. The bonds make annual payments. If the YTM
Staind, Inc., has 8 percent coupon bonds on the market that have 7 years left to maturity. The bonds make annual payments. If the YTM on these bonds is 9 percent, the current bond price is $ J. (Do not include the dollar sign (S). Round your answer to 2 decimal places. (e.g., 32.16))
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