Compute the current price of the bonds

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Reference no: EM13126181

Barry's Steroids Comapny has $1,000 par value bonds outstanding at 12 percent interest. The bonds will mature in 50 years. Compute the current price of the bonds if the percent yield to maturity is:

a. 4 Percent

b. 14 Percent

Reference no: EM13126181

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