Homework Help: accounting

Posted by Cindy on Sunday, January 10, 2010 at 9:53pm.

Midland Oil has $1,000 par value bonds outstanding at 8 percent interest. 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.

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