Lycan inc has 72 percent coupon bonds on the market that, Financial Management

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Lycan inc has 72 percent coupon bonds on the market that

Lycan, Inc., has 7.2 percent coupon bonds on the market that have 10 years left to maturity. The bonds make annual payments and have a par value of $1,000.

If the YTM on these bonds is 9.2 percent, what is the current bond price? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Current bond price

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Financial Management: Lycan inc has 72 percent coupon bonds on the market that

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