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Problem 10-6 Bond value (LO10-3] Kilgore Natural Gas has a $1,000 par value bond outstanding that pays 12 percent annual interest. The current yield to

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Problem 10-6 Bond value (LO10-3] Kilgore Natural Gas has a $1,000 par value bond outstanding that pays 12 percent annual interest. The current yield to maturity on such bonds in the market is 13 percent Use Appendix B and Arpendix D for an approximate answer but calculate your final answer using the formula and financial calculator methods Compute the price of the bonds for thiese maturity dates (Do not round intermediate calculations. Round your final answers to 2 decimal places. Assume interest payments are annual.) Bond Price 30 years a. b. 17 years C. 3 year

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