The Victoria Telephone Company has a $1,000 par value bond outstanding that pays 11 percent...
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Accounting
The Victoria Telephone Company has a $1,000 par value bond outstanding that pays 11 percent interest with annual payments. The current yield to maturity on such bonds in the market is 12 percent. Use Appendix B and Appendix D. Compute the price of the bonds for these maturity dates: (Round "PV Factor" to 3 decimal places. Do not round intermediate calculations. Round the final answers to 2 decimal places.) Price of the bond a. 40 Years $ b. 25 Years $ c. 3 Years $
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