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4. Bahrain Family Leisure Company issued a bond that has a BD 1,000.00 par value and a 6% coupon interest rate. The issue pays interest

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4. Bahrain Family Leisure Company issued a bond that has a BD 1,000.00 par value and a 6% coupon interest rate. The issue pays interest annually and has 6 years remaining to its maturity date. What is the value of the bond if bonds of similar risk are currently earning a 4% rate of return? (3 marks correct process + 2 marks correct answer= 5 marks)

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