Exodus limousine company has 1000 par value bonds, Ask an Expert

Finance

Exodus Limousine Company has $1,000 par value bonds outstanding at 15 percent interest. The bonds will mature in 40 years. Use Appendix B and Appendix D for an approximate answer but calculate your final answer using the formula and financial calculator methods.

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

Bond Price?

a. 6 percent:

b. 7 percent:

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92320402

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