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9 ) The Federal Motors Company has a $ 1 , 0 0 0 par value bond outstanding that pays 8 ( 1 ) /

9) The Federal Motors Company has a $1,000 par value bond outstanding that pays 8(1)/(2) percent annual interest. The current yield to maturity on such bonds in the market is 10 percent. Compute the price of the bonds for these maturity dates:
a)25 years.
b)10 years. must be written out and not solved in excel

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