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Exodus Limousine Company has $1,000 par value bonds outstanding of 17 percent interest. The bonds will mature in 40 years. Compute the current price of

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Exodus Limousine Company has $1,000 par value bonds outstanding of 17 percent interest. The bonds will mature in 40 years. 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.) a 5 percent b. 6 percent Bond Price $ 3.573.86

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