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9 ) The Federal Motors Company has a $ 1 , 0 0 0 par value bond outstanding that pays 8 ( 1 ) /
The Federal Motors Company has a $ par value bond outstanding that pays percent annual interest. The current yield to maturity on such bonds in the market is percent. Compute the price of the bonds for these maturity dates:
a years.
b years. must be written out and not solved in excel
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