Compute the price of the bonds for these maturity dates

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Question - The Victoria Telephone Company has a $1,000 par value bond outstanding that pays 19 percent interest with annual payments. The current yield to maturity on such bonds in the market is 20 percent. Compute the price of the bonds for these maturity dates:

a. 25 Years

b. 19 Years

c. 5 Years

Reference no: EM133160330

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