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Midland Oil has $1000 par value (maturity value) bonds outstanding at 25 percent interest. The bonds will mature in 15 years with annual payments Compute

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Midland Oil has $1000 par value (maturity value) bonds outstanding at 25 percent interest. The bonds will mature in 15 years with annual payments Compute the current price of the bonds if the present yield to maturity is (Use a Financial calculator to arrive at the answers. Do not round intermediate calculations, Round the final answers to 2 decimal places.) Price the bond d. 10 percent 12 percent Capercont $

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