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Lycan, Inc., has 7.9 percent coupon bonds on the...

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Lycan, Inc., has 7.9 percent coupon bonds on the market that have 6 years left to maturity. The bonds make annual payments. Required: If the YTM on these bonds is 9.9 percent, what is the current bond price? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)

 

Paper#11874 | Written in 18-Jul-2015

Price : $25
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