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Kilgore Natural Gas has a $ 1 , 0 0 0 par value bond outstanding that pays 9 percent annual interest. The carrent yield to

Kilgore Natural Gas has a $1,000 par value bond outstanding that pays 9 percent annual interest. The carrent yield to maturity on such bonds in the market is 12 percent. Compute the price of the bonds for these maturity dates:
a.30 years.
b.15 years.
c.1 year.
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