A bond of 1000 face value carrying interest rate of 14% is redeemable after 6 years at a premium of 5%. If the required rate of return is 15%, what is the present value of the bond?
A bond of 1000 face value carrying interest rate of 14% is redeemable after 6 years at a premium of 5%. If the required rate of return is 15%, what is the present value of the bond?
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