Brymo Ltd issued bonds two years ago that pay interest on an annual basis at 8 per
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Brymo Ltd issued bonds two years ago that pay interest on an annual basis at 8 per cent. The bonds are due for repayment in two years’ time. They will be redeemed at £110 per £100 nominal value. A yield of 10 per cent is required by investors for such bonds. What is the expected market value?
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