Compute the price of the bonds for maturity dates

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Question - Kilgore Natural Gas has a $1,000 par value bond outstanding that pays 19 percent annual interest. The current yield to maturity on such bonds in the market is 11 percent. Use Appendix B and Appendix D for an approximate answer but calculate your final answer using the formula and financial calculator methods.

Required - Compute the price of the bonds for these maturity dates:

-25 years

-19 years

-5 years

Reference no: EM133034714

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