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Kilgore Natural Gas has a $1,000 par value bond outstanding that pays 10 percent annual interest. Compute the price of the bonds for these maturity

Kilgore Natural Gas has a $1,000 par value bond outstanding that pays 10 percent annual interest.

Compute the price of the bonds for these maturity dates: (Do not round intermediate calculations. Round your final answers to 2 decimal places. Assume interest payments are annual.)

Bond Price
a. 25 years
b. 19 years
c. 5 year

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