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ValCon, Inc., has 6 percent coupon bonds on the market that have 8 years left to maturity. The bonds make annual payments. Required: If the

ValCon, Inc., has 6 percent coupon bonds on the market that have 8 years left to maturity. The bonds make annual payments. Required: If the YTM on these bonds is 9 percent, what is the current bond price?

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