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Problem 10-5 (calculator version) Applied Software has a $1,000 par value bond outstanding that pays 10 percent interest with annual payments. The current yield to
Problem 10-5 (calculator version) Applied Software has a $1,000 par value bond outstanding that pays 10 percent interest with annual payments. The current yield to maturity on such bonds in the market is 8 percent. Compute the price of the bonds for these maturity dates: (Use a Financial calculator to arrive at the answers. Do not round intermediate calculations. Round the final answers to 2 decimal places.)
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