1.Exodus Limousine Company has $1,000 par value bonds outstanding at 15 percent interest. The bonds will mature...

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1.Exodus Limousine Company has $1,000 par value bonds outstanding at 15 percent interest. The bonds will mature in 50 years with annual payments.

Compute the current price of the bonds if the current yield to maturity is:

a.10 percent

b.20 percent

Posted Date: May 19, 2024 05:09 PM

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1.Exodus Limousine Company has $1,000 par value bonds outstanding at 15 percent interest. The bonds will mature...

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