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Q Ltd . has a $ 1 , 0 0 0 par value bond outstanding that pays 1 4 percent interest with annual payments. The
Q Ltd has a $ par value bond outstanding that pays percent interest with annual payments. The current yield to maturity on
such bonds in the market is 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 decimal places.
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