Question
The Lone Star Company has $1,000 par value bonds outstanding at 10 percent interest. The bonds will mature in 20 years. Compute the current price
The Lone Star Company has $1,000 par value bonds outstanding at 10 percent interest. The bonds will mature in 20 years. Compute the current price of the bonds if the present yield to maturity is 6 percent
| a. | $1,458.80 | |
| b. | $1,091.29 | |
| c. | $789.26 | |
| d. | none of these |
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Contemporary Auditing
Authors: Michael C Knapp
12th Edition
357515404, 978-0357515402
