Midland oil has 1000 par value bonds outstanding at 12
Question - Midland Oil has $1,000 par value bonds outstanding at 12 percent interest. The bonds will mature in 15 years.
What is current price of the bonds if the present yield to maturity is 10%, 15%, and 18%?
Now Priced at $20 (50% Discount)
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question - midland oil has 1000 par value bonds outstanding at 12 percent interest the bonds will mature in 15
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