Malahat inc has 73 percent coupon bonds on the market that, Ask an Expert

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Malahat Inc. has 7.3 percent coupon bonds on the market that have ten years left to maturity. The bonds make annual payments. If the YTM on these bonds is 6.65 percent, what is the current bond price? Assume the par value of a bond is $1,000. (Do not round intermediate calculations. Round the final answer to 2 decimal places.)

Current bond price =

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