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A bond with face value of Rs. 100 provides with 12% coupon rate and pays Rs. 105 at the time of maturity, which is 10
A bond with face value of Rs. 100 provides with 12% coupon rate and pays Rs. 105 at the time of maturity, which is 10 years from now. If the investor's required rate of return is 13%, at what price should the company issue the bond?
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Fundamentals of Corporate Finance
Authors: Richard Brealey, Stewart Myers, Alan Marcus
8th edition
77861620, 978-0077861629
