Exodus Limousine Company has $ 1 , 0 0 0 par value bonds outstanding at 1 2
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Question:
Exodus Limousine Company has $ par value bonds outstanding
at percent interest. The bonds will mature in years.
UseAppendix BandAppendix Dfor an
approximate answer but calculate your final answer using the
formula and financial calculator methods.
Compute the current price of the bonds if the percent yield to
maturity is:Do not round intermediate calculations.
Round your final answers to decimal places. Assume interest
payments are annual.
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