Kilgore natural gas has a 1000 par value bond outstanding, Ask an Expert

Finance

Kilgore Natural Gas has a $1,000 par value bond outstanding that pays 10 percent annual interest. The current yield to maturity on such bonds in the market is 11 percent. Use Appendix B and Appendix D for an approximate answer but calculate your final answer using the formula and financial calculator methods.

Compute the price of the bonds for these maturity dates:

Bond Price?

a. 40 years:

b. 17 years:

c. 8 years:

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92320404

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