$11.$ What is the price$/$value of an irredeemable$/$perpetual bond with a face value of Tshs $100,000$; coupon rate of $7\%$ and required rate of return of $8\%?$

$($A$)$ TSHS $114,285,60$

$($B$)$ TSHS $87,500\mathrm{.}00$

$($C$)$ TSHS $100,00000$

$($D$)$ TSHS $93,000\mathrm{.}00$

$7\%100,000=7000$

$\frac{7000}{0\mathrm{.}08}=87,500$