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Kilgore Natural Gas has a $1,000 par value bond outstandingthat pays 9 percent annual interest. the current yield to maturityon such bonds in the market
Kilgore Natural Gas has a $1,000 par value bond outstandingthat pays 9 percent annual interest. the current yield to maturityon such bonds in the market is 12 percent. Compute the price of thebonds for these maturity rates:
a) 30 years
b) 15 years
c) 1 year
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