The Lone Star Company has $1,000 par value bonds outstanding at 9 percent interest. The bonds will

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The Lone Star Company has $1,000 par value bonds outstanding at 9 percent interest. The bonds will mature in 20 years. Compute the current price of the bonds if the present yield to maturity is:

a. 6 percent.

b. 8 percent.

c. Gael apercent,

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Foundations Of Financial Management

ISBN: 9780073295817

12th Edition

Authors: Stanley B Block, Geoffrey A Hirt

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