Exodus Limousine Company has $ 1 , 0 0 0 par value bonds outstanding at 1 9
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Question:
Exodus Limousine Company has $ par value bonds outstanding at percent interest. The bonds will mature in years. Use
Appendix B and Appendix D for 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:
Note: Do not round intermediate calculations. Round your final answers to decimal places. Assume interest payments are
annual.
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Related Book For
Foundations of Financial Management
ISBN: 978-1259194078
15th edition
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen
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