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Please answer #4 Thank you!!! LO 2 3. Bond Prices. Lycan, Inc., has 7...

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imagePlease answer #4 Thank you!!!

LO 2 3. Bond Prices. Lycan, Inc., has 7 percent coupon bonds on the market that have 9 years left to maturity. The bonds make annual payments and have a par value of $1,000. If the YTM on these bonds is 8.4 percent, what is the current bond price? 4. Bond Yields. The Timberlake Jackson Wardrobe Co. has 7 percent coupon bonds on the market with 9 years left to maturity. The bonds make annual payments and have a par value of $1,000. If the bonds currently sell for $961.50, what is the YTM? LO 2

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