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4. ( face value of a bonal ) Midland Oil has $1,000 par value bonds outstanding at 10% interest. The bonds pay interest annually and

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4. ( face value of a bonal ) Midland Oil has $1,000 par value bonds outstanding at 10% interest. The bonds pay interest annually and will mature in 10 years . Required: Compute the current price of the bond if the market rates of interest are: a. 7 percent b. 11 percent 13 percent Midland oil a. 7 percent yield to maturity

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