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A 10-year bond of sh. 2,000 has an annual rate of 12 percent. The interest is paid half-yearly. If the required rate of return is
A 10-year bond of sh. 2,000 has an annual rate of 12 percent. The interest is paid half-yearly. If the required rate of return is 16 percent, what is the value of the bond? a. sh. 804.16 b. sh. 1608.32 c. sh.807
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