A bond with face value of Rs. 100 provides with 12% coupon rate and pays Rs. 105

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A bond with face value of Rs. 100 provides with 12% coupon rate and pays Rs. 105 at the time of maturity, which is 10 years from now. If the investor's required rate of return is 13%, at what price should the company issue the bond?

Related Book For answer-question

Fundamentals of Corporate Finance

ISBN: 978-0077861629

8th edition

Authors: Richard Brealey, Stewart Myers, Alan Marcus

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Posted Date: Sep 28, 2020 09:05 PM

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A bond with face value of Rs. 100 provides with 12% coupon rate and pays Rs. 105

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Fundamentals of Corporate Finance

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