If the ytm on these bonds is 102 percent what is the, Financial Management

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If the ytm on these bonds is 102 percent what is the

Lycan, Inc., has 8.2 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 10.2 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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