Midiand Oil has $1,000 par value bonds outstanding at 18 percent interest. The bonds will...
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Midiand Oil has $1,000 par value bonds outstanding at 18 percent interest. The bonds will mature in 25 years. Compute the current price of the bonds if the present yield to maturity is: (Do not round intermediate calculations. Round your final answers to 2 decimal places. Assume interest payments are annual.)
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