The Victoria Telephone Company has a $1,000 par value bond outstanding that pays 12 percent...
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Accounting
The Victoria Telephone Company has a $1,000 par value bond outstanding that pays 12 percent interest with annual payments. The current yield to maturity on such bonds in the market is 15 percent. Use App endix B and pp pendix 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.) PVIIFPV=FV[(1+6)1]=PV(L+)n PVIFAPVA[11(1+0)1]A[11(1+6)n]
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