$2$

Midland Oil has $$1,000$ par value bonds outstanding at $16$ percent interest. The bonds will mature in $25$ years. Use Appendix B and Appendix D for an approximate answer but calculate your final answer using the formula and financial calculator methods.

$1\mathrm{.}11$ points

$\backslash$table$[[$eBook$,,$Bond Price$],[$a$.15$ percent,$],[$b$.14$ percent,$],[,$c$.16$ percent,$],[,,]]$