Question: Please up image up to see question. show full work and specifiy or label the answer please! Barry's Steroids Company has $1.000 par value bonds
Barry's Steroids Company has $1.000 par value bonds outstanding at 16 percent interest. The bonds will mature in 40 years If the percent yield to maturity is 14 percent, what percent of the total bond value does the repayment of principal represent? Assume Interest payments are annual Use Annendix B and Appendix D for an approximate answer but calculate your final answer using the formula and financial calculator methods (Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places.) Principal as a percentage of bond price
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