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Tesla has a $1,000 par value bond outstanding that pays 20% interest with annual payments. The current yield to maturity on such bonds in the

Tesla has a $1,000 par value bond outstanding that pays 20% interest with annual payments. The current yield to maturity on such bonds in the market is 9%.

Compute the price of the bonds for these maturity dates, Dont round intermediate calculations, Round the final answers to 2 decimal places.

	Price of the bond
a. 30 years	$
b. 18 years	$
c. 4 years	$

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