A 100 par value bond bears a coupon rate of 14 per cent and matures after five years. Interest is payable semi-annually. Compute the value of the bond if the required rate of return is 16 per cent.
A 100 par value bond bears a coupon rate of 14 per cent and matures after five years. Interest is payable semi-annually. Compute the value of the bond if the required rate of return is 16 per cent.
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