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Barrys Steroids Company has $1,000 par value bonds outstanding at 14 percent interest. The bonds will mature in 40 years. If the percent yield to
Barrys Steroids Company has $1,000 par value bonds outstanding at 14 percent interest. The bonds will mature in 40 years. |
If the percent yield to maturity is 10 percent, what percent of the total bond value does the repayment of principal represent? Use Appendix B and Appendix D for an approximate answer but calculate your final answer using the formula and financial calculator methods. (Do not round intermediate calculations. Round your final answer to 2 decimal places. Assume interest payments are annual.) |
Principal as a percentage of bond price | % |
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