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ABC Company has $1,000 PAR value bonds outstanding at 8% interest. The bonds will mature in 10 years. Compute the current price of the bond

ABC Company has $1,000 PAR value bonds outstanding at 8% interest. The bonds will mature in 10 years. Compute the current price of the bond if the present to yield to maturity is:

SHOW ALL WORK!

a) 4%

b) 7%

c) 12%

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