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A bond has an annual coupon rate of 11.5%, paid annually. If investors demand an annual return of 7.5%. The face value of the bond

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A bond has an annual coupon rate of 11.5%, paid annually. If investors demand an annual return of 7.5%. The face value of the bond is INR 100. The bond is going to mature in 5 years from now. What is the price of the bond? [Hint:116.184]

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