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2 Midland Oil has $ 1 , 0 0 0 par value bonds outstanding at 1 6 percent interest. The bonds will mature in 2

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Midland Oil has $1,000 par value bonds outstanding at 16 percent interest. The bonds will mature in 25 years. Use Appendix B and Appendix D for an approximate answer but calculate your final answer using the formula and financial calculator methods.
1.11 points
\table[[eBook,,Bond Price],[a.15 percent,],[b.14 percent,],[,c.16 percent,],[,,]]
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