Question: 6 Assignment a Problem 6-3 Bond Prices [LO 2] Vulcan, Inc., has 7.6 percent coupon bonds on the market that have 9 years left maturity.

6 Assignment a Problem 6-3 Bond Prices [LO 2] Vulcan, Inc.,

6 Assignment a Problem 6-3 Bond Prices [LO 2] Vulcan, Inc., has 7.6 percent coupon bonds on the market that have 9 years left maturity. The bonds make annual payments and have a par value of $1,000. If the YTM on these bonds is 9.6 percent, what is the current bond price? (Do not ro intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Current bond price

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