DXL Ltd issued 10% bonds of face value 50,000 on April 1, 2006 at a market price
Question:
DXL Ltd issued 10% bonds of face value ₹50,000 on April 1, 2006 at a market price of ₹46,960. DXL Ltd categorized these bonds to be ‘held-till-maturity’. Show how the difference between maturity value of ₹50,000 and the issue price will be amortized over the holding period.
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Step by Step Answer:
First we need to work out internal rate of return IRR using issue price and the redemption value IRR ...View the full answer
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Vineet Kumar Yadav
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