Question: A Bank has issued a bond whose par value is 1,000,000/= with a coupon rate of 12% pa, paid semi-annually. The bond maturity is 10

A Bank has issued a bond whose par value is 1,000,000/= with a coupon rate of 12% pa, paid semi-annually. The bond maturity is 10 years and market rate of interest is 10% James has expressed his interest in these bonds. How much would you advise him to pay for them? Consider hands when

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