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Exodus Limousine Company has $1,000 par value bonds outstanding at 15 percent interest. The bonds will mature in 40 years. Use methods. Compute the current
Exodus Limousine Company has $1,000 par value bonds outstanding at 15 percent interest. The bonds will mature in 40 years. Use 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 Step by Step Solution
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Green And Sustainable Finance
Authors: Simon Thompson
2nd Edition
1398609242, 978-1398609242
