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Vulcan, Inc., has 8 percent coupon bonds on the market that have 10 years left to maturity. The bonds make semi-annual payments and have a
Vulcan, Inc., has 8 percent coupon bonds on the market that have 10 years left to maturity. The bonds make semi-annual payments and have a par value of $5,000. If the YTM on these bonds is 10 percent, what is the current bond price?
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