### The bonds make annual payments

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##### Reference no: EM13870784

Staind, Inc., has 6 percent coupon bonds on the market that have 13 years left to maturity. The bonds make annual payments. If the YTM on these bonds is 11 percent, what is the current bond price?

a) \$662.51

b) \$695.63

c) \$1,446.63

d) \$629.38

e) \$1,030.00

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