Compute the price of the bonds-hartford telephone company


Problem:

The Hartford Telephone Company has a $1,000 par value bond outstanding that pays 11 percent annual interest. The current yield to maturity on such bonds in the market is 14 percent. Compute the price of the bonds for these maturity dates:

a. 30 years.

b. 15 years.

c. 1 year.

If applicable assume interest payments are on an annual basis

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Finance Basics: Compute the price of the bonds-hartford telephone company
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