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Need this done ASAP! The Victoria Telephone Company has a $1,000 par value bond outstanding that pays 16 percent interest with annual payments. The current
Need this done ASAP!
The Victoria Telephone Company has a $1,000 par value bond outstanding that pays 16 percent interest with annual payments. The current yield to maturity on such bonds in the market is 17 percent. Use Appendix B and Appendix D.
Compute the price of the bonds for these maturity dates: (Round "PV Factor" to 3 decimal places. Do not round intermediate calculations. Round the final answers to 2 decimal places.)
| Price of the bond | |
| a. 30 Years | $ |
| b. 20 Years | $ |
| c. 4 Years | $ |
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