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A. A company AXK Limited is considering selling an 8 year, 12% coupon bond with a pae value of R10 000 on which interest is

A. A company AXK Limited is considering selling an 8 year, 12% coupon bond with a pae value of R10 000 on which interest is payable semi-anuually. The required return on this bond is 14 % 1.2..1Calculate the value of the bond 1.2.2 will AXK bond be selling at a premium or discount? Support your answer. 1.3 Explain the difference between a callable and non- callable bond.

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