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Exodus Limousine Company has $1.000 par value bonds outstanding at 15 percent interest. The bonds will mature in 30 years. Use Appendix Band Arpendix D

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Exodus Limousine Company has $1.000 par value bonds outstanding at 15 percent interest. The bonds will mature in 30 years. Use Appendix Band Arpendix 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: (Do not round intermediate calculations. Round your final answers to 2 decimal places. Assume interest payments are annual) Bond Price a. 6 percent b.7 percent Kilgore Natural Gas has a $1,000 par value bond outstanding that pays 10 percent annual interest. The current yield to maturity on such bonds in the market is 11 percent. Use Appendix B and Appendix D for an approximate answer but calculate your final answer using the formula and financial calculator methods. Compute the price of the bonds for these maturity dates: (Do not round intermediate calculations. Round your final answers to 2 decimal places. Assume interest payments are annual.) Bond Price b. 25 years 19 years c. 5 year

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