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TomSquared Inc. issued 15-year bond two years ago at a coupon rate of 8.5 percent. The bonds make semiannual coupon payments. If the YTM on

TomSquared Inc. issued 15-year bond two years ago at a coupon rate of 8.5 percent. The bonds make semiannual coupon payments. If the YTM on these bonds is 7.9 percent, what is the current bond price? $940.95 $1051.67 $1040.95 $1000

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