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what is the current bond price? Firm Z issued 25-year bonds 4 years ago at a coupon rate of 8.85 percent. The bonds make semiannual

what is the current bond price?

Firm Z issued 25-year bonds 4 years ago at a coupon rate of 8.85 percent. The bonds make semiannual payments. If the YTM on these bonds is 10.22 percent, what is the current bond price? Answer to two decimals. W

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