I need help to determine what formula to use to answer this question... 2.Midland Oil has $1,000 par value bonds outstanding at 8 percent interest. The bonds will mature in 25 years. Compute the...


I need help to determine what formula to use to answer this question...


2.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.



Jun 01, 2022
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