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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

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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 : (Do not round intermediate calculations. Round your final answers to 2 decimal places. Assume interest payments are annual.)

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