Business, 20.02.2020 01:36 moodyshaliyah01

Exodus Limousine Company has $1,000 par value bonds outstanding at 15 percent interest. The bonds will mature in 30 years. Compute the current price of the bonds if the percent yield to maturity is:

a. 4 percent

b. 8 percent

Calculate the final answer up to two decimal places. Use Appendix B and Appendix D for an approximate answer but calculate your final answer using the formula and financial calculator methods. Assume interest is paid annually.

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Exodus Limousine Company has $1,000 par value bonds outstanding at 15 percent interest. The bonds wi...