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Problem 9-37 (calculator version): Annuity Value (5 points) Graham Bell retired today after 30 years with the telephone company. Also, as of today, his total

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Problem 9-37 (calculator version): Annuity Value (5 points) Graham Bell retired today after 30 years with the telephone company. Also, as of today, his total pension funds have an accumulated value of $300,000, and his life expectancy is 18 more years. His pension fund manager assumes he can earn a 9 percent return on his assets. What will be his yearly annuity for the next 18 years? (Use Excel or a Financial calculator or a formula to arrive at the answer. Round the final answer to the nearest dollar amount.) Annuity $[ Problem 10-3 (calculator version): Bond Valuation (5 points) Exodus Limousine Company has $1,000 par value bonds outstanding at 13 percent interest for coupon rate). The bonds will mature in 50 years and pays annual interest or coupon) payments. Compute the current price per bond if the current yield to maturity is: (Use a Financial calculator or Excel to arrive at the answers, Do not round intermediate calculations. Round the final answers to 2 decimal places.) Price of the bond $ a. 8 percent b. 18 percent

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