Kilgore Natural Gas has a $1,000 par value bond outstanding that pays 9 percent annual...
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Accounting
Kilgore Natural Gas has a $1,000 par value bond outstanding that pays 9 percent annual interest. The current yield to maturity on such bonds in the market is 12 percent.
Compute the price of the bonds for these maturity dates: (a.) 30 years; (b.) 15 years; (c.) 4 years
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