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What is the current price for 8 percent coupon bonds that have 10 years left to maturity if the bonds have a par value of

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What is the current price for 8 percent coupon bonds that have 10 years left to maturity if the bonds have a par value of $1,000, make annual payments and the YTM on is 7.4 percent? Answer: $ 1 (round to two decimals, do not use "$", "-", or ""', 1.871.23)

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