The Lone Star Company has $1,000 par value bonds outstanding at 9 percent interest. The...
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The Lone Star Company has $1,000 par value bonds outstanding at 9 percent interest. The bonds will mature in 16 years. Compute the current price of the bonds if the present yield to maturity is. Note: Do not input a dollar sign. Round your final answer to 2 decimal places. For answers in the thousands, input a comma. a. 7% b. 9% c. 13%
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