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Kilgore Natural Gas has a $1,000 par value bond outstanding that pays 13 percent annual interest....

Kilgore Natural Gas has a $1,000 par value bond outstanding that pays 13 percent annual interest. The current yield to maturity on such bonds in the market is 15 percent. Use Appendix B and Appendix D for an approximate answer but calculate your final answer using the formula and financial calculator methods.

Compute the price of the bonds for these maturity dates:

30years_______

16years_______

7years________

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jeff jeffy answered 1 year ago
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