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The Lone Star Company has $1,000 par value bonds outstanding at 9 percent interest. The bonds will mature in 20 years. Use Appendix B and
The Lone Star Company has $1,000 par value bonds outstanding at 9 percent interest. The bonds will mature in 20 years. Use Appendix B and Appendix D. Compute the current price of the bonds if the present yield to maturity is (Round "PV Factor" to 3 decimal places, intermediate and final answers to 2 decimal places. Omit the Sign in your response) Price of the bond (a) 7 percent (b) 8 percent (c) 13 percent
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