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21-10-2022
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westco company issued 10-year bonds a year ago at a coupon rate of 7.6 percent. the bonds make semiannual payments and have a par value of $1,000. if the ytm on these bonds is 5.9 percent, what is the current bond price in dollars? (do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)\\

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