Gregoris plc has some loan stock, currently quoted at 104 per 100 nominal value. This stock will

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

This stock 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 stock? (Ignore taxation.)

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Business Finance Theory And Practice

ISBN: 9780273702627

7th Edition

Authors: Eddie McLaney

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Question Posted: Jul 20, 2024 02:04 AM

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Gregoris plc has some loan stock, currently quoted at 104 per 100 nominal value. This stock will

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Business Finance Theory And Practice

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