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Problem 10-6 Bond value [L010-3] Kilgore Natural Gas has a $1,000 par value bond outstanding that pays 13 percent annual interest. The current yield to

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Problem 10-6 Bond value [L010-3] Kilgore Natural Gas has a $1,000 par value bond outstanding that pays 13 percent annual interest. The current yield to maturity on such bonds in the market is 15 percent. Use and for an approximate answer but calculate your final answer using the formula and financial calculator methods. Compute the price of the bonds for these maturity dates: (Do not round intermediate calculations. Round your final answers to 2 decimal places. Assume interest payments are annual.) Copyright 2019 \% MeGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of MeGraw-Hill Education

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