Business, 19.11.2020 21:20, elijahproctor36

Lycan, Inc., has 8.5 percent coupon bonds on the market that have 8 years left to maturity. The bonds make annual payments and have a par value of $1,000. If the YTM on these bonds is 10.5 percent, what is the current bond price?

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Lycan, Inc., has 8.5 percent coupon bonds on the market that have 8 years left to maturity. The bond...