Question: Problem 10 - Bond Values You have been employed by Forged Iron Securities, Limited. One of your clients is interested in invsting in fixed Income

Problem 10 - Bond Values You have been employed by Forged Iron Securities, Limited. One of your clients is interested in invsting in fixed Income securites. You have examined the following bond for sale 8.5% coupon bonds, pald annually (once per year). 8 years left to maturity Face value of $1,000 If the YTM In the market for similar bonds is 10,5%, what is the current bond price? (Do not round Intermediate calculations and round your answer to 2 decimal places, e.g. 12.34.) Current bond unce

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