Lycan inc has 82 percent coupon bonds on the market that, Financial Management

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Lycan inc has 82 percent coupon bonds on the market that

Lycan, Inc., has 8.2 percent coupon bonds on the market that have 10 years left to maturity. The bonds make annual payments.

Required:

If the YTM on these bonds is 10.2 percent, what is the current bond price? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16))

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Financial Management: Lycan inc has 82 percent coupon bonds on the market that

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Financial Management: Lycan inc has 82 percent coupon bonds on the market that

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