Business, 12.03.2020 23:03, nocomprendoplshelp

Lycan, Inc., has 8.9 percent coupon bonds on the market that have 6 years left to maturity. The bonds make annual payments and have a par value of $1,000. If the YTM on these bonds is 10.9 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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Lycan, Inc., has 8.9 percent coupon bonds on the market that have 6 years left to maturity. The bond...