Calculate the current price of the bonds

Reference no: EM13259525

Midland Oil has $1,000 par value bonds outstanding at 8 percentinterest. The bonds will mature in 25 years. Compute the current price of the bonds if the present yield to maturity is:

a. 7 percent.

b. 10 percent.

c. 13 percent.

Reference no: EM13259525

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