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Mic and Olhas $1.000 par value bonds outstanding at 8 percent interest The bonds wil mature in 25 years. Use Bopendix and Appendix 2 for
Mic and Olhas $1.000 par value bonds outstanding at 8 percent interest The bonds wil mature in 25 years. Use Bopendix and Appendix 2 for an approximate answer but calculate your final answer using the formula and financial calculator methods Compute the current price or the bonds if the present yield to maturity is. Do not round Intermediate calculations. Round your final answers to 2 decimal places. Assume Interest payments are annual) Bond Price 10 percent 13 percent Essex Biochemical Co has a $1,000 par value bond outstanding that pays 15 percent annuni interest The current yled to maturity on such bonds in the market is 17 percent Use Appendix Band Apendix for an approximate answer but calculate your final answer using the formula and financial calculator methods Compute the price of the bands for the maturity dates: (Do not round Intermediate calculations. Round your final answer to 2 decimal places. Assume Interest payments are annual) Bond Price fa 20 years 20 years
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