Question: 3. 2.66 points Problem 6-3 Bond Prices CLO 2] Lycan, Inc., has 7.4 percent coupon bonds on the market that have 6 years left to

3. 2.66 points Problem 6-3 Bond Prices CLO 2] Lycan, Inc., has 7.4 percent coupon bonds on the market that have 6 years

3. 2.66 points Problem 6-3 Bond Prices CLO 2] Lycan, Inc., has 7.4 percent coupon bonds on the market that have 6 years left to maturity. The bonds make annual payments and have a parvalue of $1,000. If the YTM on these bonds is 9.4 percent, what is the current bond price? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.0 Current bond price

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