Exodus Limousine Company has $$1,000$ par value bonds outstanding at $19$ percent interest. The bonds will mature in $50$ 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 $2$ decimal places. Assume interest payments are

annual.

Answer rating: 100% (QA)

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