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I need help finding out thw right answer. Thank you ! Problem 10-1 Bond value [LO10-3] The Lone Star Company has $1,000 par value bonds
I need help finding out thw right answer. Thank you !
Problem 10-1 Bond value [LO10-3] The Lone Star Company has $1,000 par value bonds outstanding at 9 percent interest. The bonds will mature in 15 years. Use Appendix B and Appendix. D for an approximate answer but calculate your final answer using the formula and financial calculator: methods. Compute the current price of the bonds if the present yield to maturity is. (Do not round intermediate caiculations. Round your fina answers to 2 decimal places. Assume interest payments are annual.) Step by Step Solution
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