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Exodus Limousine Company has $1,000 par value bonds outstanding at 20 percent interest. The bonds will mature in 30 years. Compute the current price of

Exodus Limousine Company has $1,000 par value bonds outstanding at 20 percent interest. The bonds will mature in 30 years.

Compute the current price of the bonds if the percent yield to maturity is:

a. 10%

b. 6%

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