Question: Applied Software has $1,000 par value bonds outstanding at 12 percent interest. The bonds will mature in 25 years. Compute the current price of the

Applied Software has $1,000 par value bonds outstanding at 12 percent interest.

The bonds will mature in 25 years. Compute the current price of the bonds if the present yield to maturity is:

a. 11 percent.

b. 13 percent.

c. 16 percent.

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