Question: Applied Software has a $1,000 par value bond outstanding that pays 19 percent interest with annual payments. The current yield to maturity on such bonds

Applied Software has a $1,000 par value bond outstanding that pays 19 percent interest with annual payments. The current yield to maturity on such bonds in the market is 11 percent. Use Arpendix Band Appendix 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.) #. 25 years b. 15 years C4 years Price of the bond 5 $ $

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