Question: Please give correct solution. TIA Sonic View has Tk. 1,000 par value bonds outstanding at 12% interest. The bonds will mature in 15 years and

Please give correct solution. TIA

Please give correct solution. TIA Sonic View has Tk. 1,000 par value

Sonic View has Tk. 1,000 par value bonds outstanding at 12% interest. The bonds will mature in 15 years and redeemed at face value. Compute the current price of the bonds if the yield to maturity is 13%. Give your investment decision

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