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Exodus Limousine Company has $1,000 par value bonds outstanding at 8 percent interest. The bonds will mature in 30 years with annual payments. Compute the
Exodus Limousine Company has $1,000 par value bonds outstanding at 8 percent interest. The bonds will mature in 30 years with annual payments. Compute the current price of the bonds if the current yield to maturity is: (Use a Financial calculator to arrive at the answers. Do not round intermediate calculations. Round the final answers to 2 decimal places.) Price of the bond a. 3 percent $ b. 13 percent $
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