Gregoris plc has some loan notes, currently quoted at 104 per 100 nominal value. These will pay

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Gregoris plc has some loan notes, currently quoted at £104 per £100 nominal value.

These will pay interest at the rate of 8 per cent p.a. of the nominal value at the end of each of the next four years and repay £100 at the end of four years.

What is the cost of the loan notes? (Ignore taxation.)

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Business Finance

ISBN: 9781292134406

11th Edition

Authors: Eddie McLaney

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Question Posted: Mar 05, 2024 06:38 AM

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Gregoris plc has some loan notes, currently quoted at 104 per 100 nominal value. These will pay

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Gregoris plc 8 8 8 108 104 1k 1k 1k 1 k This looks like a r...View the full answer

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