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The Victoria Telephone Company has a $1,000 par value bond outstanding that pays 13 percent interest with annual payments. The current yield to maturity on
The Victoria Telephone Company has a $1,000 par value bond outstanding that pays 13 percent interest with annual payments. The current yield to maturity on such bonds in the market is 14 percent. Use AppendixB and AppendixD. 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.) The Victoria Telephone Company has a $1,000 par value bond outstanding that pays 13 percent interest with annual payments. The current yield to maturity on such bonds in the market is 14 percent. Use AppendixB and AppendixD. 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.)
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