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ABC, Inc. has $1,000 par value bonds outstanding at 8 percent interest. The bonds will mature in 25 years. Compute the current price of the

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ABC, Inc. has $1,000 par value bonds outstanding at 8 percent interest. The bonds will mature in 25 years. Compute the current price of the bonds if the present yield to maturity is (must show work to receive credit) a. 5 percent ( 5 points) b. 10 percent ( 5 points)

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