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X-cell Inc. has 10 percent coupon bonds on the market that have 8 years left to maturity. The bonds make semiannual payments. The face value

X-cell Inc. has 10 percent coupon bonds on the market that have 8 years left to maturity. The bonds make semiannual payments. The face value is $1000. If the YTM on these bonds is 8 percent, what would each bond currently sell for?

bond price= $ -------

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