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1. Barry's Steroids Company has $1,000 par value bonds outstanding at 13 percent interest. The bonds will mature in 50 years: If the percent yield
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Barry's Steroids Company has $1,000 par value bonds outstanding at 13 percent interest. The bonds will mature in 50 years: If the percent yield to maturity is 11 percent, what percent of the total bond value does the repayment of principal represent? Assume interest payments are annual. Use Appendix B and Appendix. D for an approximate answer but calculate your final answer using the formula and financial calculator methods, (Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places.) Step by Step Solution
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