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The Wild Rose Company has $1,000 par value (maturity value) bonds outstanding at 9 percent interest. The bonds will mature in 25 years with annual

The Wild Rose Company has $1,000 par value (maturity value) bonds outstanding at 9 percent interest. The bonds will mature in 25 years with annual payments.

Compute the current price of the bonds if the present yield to maturity is 6 percent

(Do not round intermediate calculations. Round the final answers to 2 decimal places.)

Use a Financial calculator to arrive at the answers

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