Aloha inc has 55 percent coupon bonds on the market that


Aloha Inc. has 5.5 percent coupon bonds on the market that have 10 years left to maturity. If the YTM on these bonds is 6.42 percent, what is the current bond price? (Round your answer to 2 decimal places. Omit the "$" sign in your response.)

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Financial Management: Aloha inc has 55 percent coupon bonds on the market that
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