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Sun Tans Co. has 11% coupon bonds on the market that has 7 years left to maturity. The bonds make annual coupon payments. If the

Sun Tans Co. has 11% coupon bonds on the market that has 7 years left to maturity. The bonds make annual coupon payments. If the YTM on these bonds is 10% what is the current bond price? Please show all your process

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