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The Lone Star Company has $ 1 , 0 0 0 par value bonds outstanding at 1 0 percent interest. The bonds will mature in

The Lone Star Company has $1,000 par value bonds outstanding at 10 percent interest. The bonds will mature in 20 years. Use
Appendix B and Appendix D for an approximate answer but calculate your final answer using the formula and financial calculator
methods.
Compute the current price of the bonds if the present yield to maturity is.(Do not round intermediate calculations. Round your final
answers to 2 decimal places. Assume interest payments are annual.)
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