Natural Colour Co. wants to invest in a bond with par value of $ 1000 that offers
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Natural Colour Co. wants to invest in a bond with par value of $ 1000 that offers 10% coupons paid semi-annually. The bond has 15 years to maturity and has a yield to maturity of 9%. If the current market value of the bond is % $ 1.100, will you recommend the firm to buy the bond? Explain
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