# accounting

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.

1. 👍 0
2. 👎 0
3. 👁 555

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