Sunny Sky Ventures plc has in issue 100 par value irredeemable debentures with a coupon rate of
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Sunny Sky Ventures plc has in issue £100 par value irredeemable debentures with a coupon rate of 7 per cent paid annually. Find the cost of the debentures assuming a current market value of £96 and a taxation rate of 30 per cent.
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Divya Munir
I hold M.Sc and M.Phil degrees in mathematics from CCS University, India and also have a MS degree in information management from Asian institute of technology, Bangkok, Thailand. I have worked at a international school in Bangkok as a IT teacher. Presently, I am working from home as a online Math/Statistics tutor. I have more than 10 years of online tutoring experience. My students have always excelled in their studies.
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