Question
A 10% Tshs 1.0 billion bond dated January 1, 2014 pays interest semi-annually on June 30 and December 31 0f each year It has a
A 10% Tshs 1.0 billion bond dated January 1, 2014 pays interest semi-annually on June 30 and December 31 0f each year It has a maturity 0f 5 years and the market interest rate is 12 percent. What is the price you will pay for this bond?
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