Question: =+1. (Examination level) Burgundy ple is financed through bonds and ordinary shares. The bonds were issued five years ago at a par value of 100

=+1. (Examination level) Burgundy ple is financed through bonds and ordinary shares. The bonds were issued five years ago at a par value of £100 (total funds raised £5m). They carry an annual coupon of 10 per cent, are due to be redeemed in four years and are currently trading at £105.

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