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Problem 10.3 Bond value [LO10-3] Exodus Limousine Company has $1000 par value bonds outstanding at 13 percent interest. The bonds will mature in 50 years.
Problem 10.3 Bond value [LO10-3] Exodus Limousine Company has $1000 par value bonds outstanding at 13 percent interest. The bonds will mature in 50 years. Use Bppendix 8 and ARpendis: D. for an approximate answer but calculate your final answer using the formulit and financial calculator methods: Compute the curtent price of the bonds if the percent yieid to matunity is (Do not round intermediate calculations, Round your final answers to 2 decimal ploces. Assume interest payments are annual,\} PVA=A[1(1+1)T1]
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