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Sunland Corp. has 18-year bonds outstanding. These bonds, which pay interest semiannually, have a coupon rate of 10.625 percent and a yield to maturity

Sunland Corp. has 18-year bonds outstanding. These bonds, which pay interest semiannually, have a coupon rate of 10.625 percent and a yield to maturity of 9.1 percent. Assume face value is $1,000. Problem 8.30(a) Compute the current price of these bonds. (Round answer to 2 decimal places, e.g. 15.25.) Current price $

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