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The Victoria Telephone Company has a $ 1 , 0 0 0 par value bond outstanding that pays 1 9 percent interest with annual payments.

The Victoria Telephone Company has a $1,000 par value bond outstanding that pays 19 percent interest with annual payments. The current yield to maturity on such bonds in the market is 20 percent. Use Appendix B and Appendix D.
Compute the price of the bonds for these maturity dates: (Round "PV Factor" to 3 decimal places. Do not round intermediate calculations. Round the final answers to 2 decimal places.)
Price of the
bond
a.25 Years $
b.19 Years $
c.5 Years $

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