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Exodus Limousine Company has $1,000 par value bonds outstanding at 13 percent interest. The bonds will mature in 30 years with annual payments. If the
Exodus Limousine Company has $1,000 par value bonds outstanding at 13 percent interest. The bonds will mature in 30 years with annual payments. If the current yield to maturity is 18 percent, what percent of the total bond value does the repayment of principal represent? Use Appendix B and Appendix D. (Round "PV Factor" to 3 decimal places. Do not round intermediate calculations. Round the final answer to 2 decimal places.) Principal repayment
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