3. The Nutmate Limited has a ten-year debenture that pays 140 annual interest. 1,000 will be paid...
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3. The Nutmate Limited has a ten-year debenture that pays 140 annual interest. 1,000 will be paid on maturity. What will be the value of the debenture if the required rate of interest is
(a) 12 per cent,
(b) 14 per cent and
(c) 16 per cent?
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