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Asked by meredithgrey_
Langford Co. issued 14-year bonds a year ago at a coupon rate of...
Langford Co. issued 14-year bonds a year ago at a coupon rate of 8.8%. The bonds make semiannual payments. If the YTM on these bonds is 7.1%, what is the current bond price? (Do not round intermediate calculations. Round the final answer to 2 decimal places. Omit $ sign in your response.)
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Answered by Hemantpareek
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