Exodus Limousine Company has $1,000 par value bonds outstanding at 10 percent interest. The bonds...
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Exodus Limousine Company has $1,000 par value bonds outstanding at 10 percent interest. The bonds will mature in 50 years. Calculate your final answer using the formula and financial calculator methods. Compute the current price of the bonds if the percent yield to maturity is 5 percent. a. $1,158.45 b. $1,912.80 c. $1,826.18 d. none of these
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