Company I issued R100 par value bonds with a coupon rate of 15% which will mature in

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Company I issued R100 par value bonds with a coupon rate of 15% which will mature in 10 years' time. The YTM on the bonds are 11%. What would the bond sell for in the present? Choose the most correct answer.

A. R100

B. R11

C. R115

D. R123

Posted Date: May 19, 2024 04:02 AM

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Company I issued R100 par value bonds with a coupon rate of 15% which will mature in

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