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QUESTION
The Lone Star Company has $1000 par value bonds outstanding at 10 percent interest. The bonds will mature in 20 years. Compute the current price of...
The Lone Star Company has $1000 par value bonds outstanding at 10 percent interest. The bonds will mature in 20 years. Compute the current price of the bonds if the present value is:a) 6%b) 9%c) 13%
