Question: 3 ) Bajaj Ltd . issues a bond having face value of Rs . 1 0 0 0 and a coupon rate of 1 2

3) Bajaj Ltd. issues a bond having face value of Rs.1000 and a coupon rate of 12%. Interest is paid semi-annually and the bond is redeemable at face value after 5 years. What is the intrinsic value of the bond if the required rate of return is 14%

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