Playa Vista Vistas, Inc. has a bond outstanding that makes monthly coupon payments. The coupon rate is
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Question:
Playa Vista Vistas, Inc. has a bond outstanding that makes monthly coupon payments. The coupon rate is 9 percent and the bond has 24 years remaining to maturity. If the yield to maturity of similar bonds is 9.35 percent, what is the current price of the bond?
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