The Victoria Telephone Company has a $1000 par value bond outstanding...
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The Victoria Telephone Company has a $1000 par value bond outstanding that pays 5 percent interest with annual payments. The current yleld to maturity on such bonds in the market is 8 percent Compute the price of the bonds for these maturity dates: (Use a Financial calculator to arrive at the answers. Do not round Intermediate calculations. Round the final answers to 2 decimal places.) Price of the bond a. 30 years $ b. 15 years E. 1 year 5 5
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