Question
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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Essentials Of Accounting For Governmental And Not-for-Profit Organizations
Authors: Paul A Copley
11th Edition
0078025451, 9780078025457
