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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 $1,000 par value bond outstanding that pays 14 percent interest with annual payments. The current yield to maturity on
such bonds in the market is 15 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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