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Midland Oil has $1.000 par value bonds outstanding at 13 percent interest. The bonds will mature in 20 years. Use Arpendix Band Appendix D for

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Midland Oil has $1.000 par value bonds outstanding at 13 percent interest. The bonds will mature in 20 years. Use Arpendix Band Appendix D for an approximate answer but calculate your final answer using the formula and financial calculator methods. Compute the current price of 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 b. 14 percent 12 percent 13 percent c

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