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Kilgore Natural Gas has a $ 1 , 0 0 0 par value bond outstanding that pays 1 6 percent annual interest. The current yield

Kilgore Natural Gas has a $1,000 par value bond outstanding that pays 16 percent annual interest. The current yield to maturity on such bonds in the market is 14 percent.
Compute the price of the bonds for these maturity dates: 30 years, 20 years, 4 years.

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