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Computing the current price of the bonds

Question:

Burns Fire and Casualty Company has $1,000 par value bonds outstanding at 11 percent interest. The bonds will mature in 20 years. Compute the current price of the bonds if the present yield to maturity is: a. 6 percent. b. 8 percent. c. 12 percent.

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Finance Basics: Computing the current price of the bonds

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Finance Basics: Computing the current price of the bonds

Reference No:- TGS02057041

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